DoorDash, Inc. (NASDAQ:DASH) Q4 2023 Earnings Conference Call February 15, 2024 5:00 PM ET

Company Participants

Andrew Hargreaves - VP of IR

Tony Xu - Co-Founder, Chairman

Ravi Inukonda - CFO

Conference Call Participants

Michael Morton - MoffettNathanson

Nikhil Devnani - Bernstein

Deepak Mathivanan - Wolfe Research

Bernard McTernan - Needham & Company

Andrew Boone - JMP Securities

Brian Nowak - Morgan Stanley

James Lee - Mizuho Securities

Mark Mahaney - Evercore ISI

Doug Anmuth - JPMorgan

Brad Erickson - RBC Capital Markets

Ken Gawrelski - Wells Fargo Securities

Michael McGovern - Bank of America

Operator

Thank you for standing by. And welcome to the DoorDash Q4 2023 Earnings Call. I would now like to welcome Andrew Hargreaves, VP of Investor Relations to begin the call. Andy, over to you.

Andrew Hargreaves

Thanks, Mandy. Good afternoon, everybody, and thanks for joining us on our Q4 2023 earnings call. I'm very pleased today to be joined by Co-Founder Chair and CEO, Tony Xu; 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, 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 these uncertainties are described in our SEC filings, including Form 10-Ks and 10-Qs. You should not rely on our forward-looking statements as predictions of future events. 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 a reconciliation 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 not -- should be considered in addition to our GAAP results and are not intended to be a substitute for our 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.

Mandy, we'll pass it back to you, and we can take our first question.

Question-and-Answer Session

Operator

The floor is now open for questions. [Operator Instructions] Our first question comes from the line of Michael Morton with Moffett Nathanson. Please go ahead.

Michael Morton

Hi, good evening. Thanks for the question. First one for Tony. And then a second one for Ravi. Tony, I would love to hear your thoughts on what you think the future structure of the grocery market looks like. As order density increases on a store level, some industry participants think you might see more growth in the merchant picked model and also like consumers demand more speed. That kind of plays to your advantage with the Dashers. Would love to see how you see that evolving?