DoorDash, Inc.

Good afternoon and good evening. My name is Aaron and I will be your conference operator for today. At this time, I'd like to welcome everyone to the DoorDash Q3 2024 earnings call. All lines have been placed on mute to prevent any background noise. And a quick reminder, if you would like to ask a question during today's call, simply press star followed by the number one on your telephone keypad. If at any point you'd like to withdraw your question, hit star followed by the number one again. Thank you. And with that, I would like to turn today's call over to Andy Hargraves. Andy, you can begin.

Thanks, Aaron. Good afternoon, everyone, and thanks for joining us for our Q3 2024 earnings call. I'm very pleased to be joined today by co-founder, chair, and CEO Tony Hsu and CFO Ravi Inukonda. We'll be making forward-looking statements during today's call, including our expectations for our business, financial position, operating performance, profitability, our guidance, strategies, capital allocation approach, and the broader economic environment. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those described. Many of those uncertainties are described in our SEC filings, including our Form 10-Ks and 10-Qs. You should not rely on our forward-looking statements as predictions of future events or performance. We disclaim any obligation to update any forward-looking statements except as required by law. During this call, we will discuss certain non-GAAP financial measures, information regarding our non-GAAP financial measures, including reconciliation. The non-GAAP measures to the most directly comparable GAAP financial measures may be found in our earnings release, which is available on our IR website. These non-GAAP measures should be considered in addition to our GAAP results and are not intended to be a substitute for GAAP results. Finally, this call is being audio webcasted on our IR website. An audio replay of the call will be available on our website shortly after the call ends. With that, Aaron, we'll pass it back to you, and we can take our first question.

Okay. Thank you, Andy. Once again, ladies and gentlemen, it's Star followed by the number one if you would like to ask a question today. Our first question comes from the line of Nikhil Devnani with Bernstein. Your line is live.