DoorDash, Inc.
Q1 2022 Earnings Call
May 05, 2022, 5:00 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Andy Hargreaves
Good afternoon, and thanks for joining us for our first quarter 2022 earnings call. I'm pleased to be joined today by Co-Founder Chair and CEO Tony Xu; and CFO Prabir Adarkar. We'd like to remind everyone that we'll be making forward-looking statements during this call, including our expectations of our business, financial position and operating performance, future results and guidance, our investment approach, strategy and statements regarding our acquisition of Wolt. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, and some such risks are described in our risk factors, including 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 results, including a reconciliation of such non-GAAP results to the most directly comparable GAAP financial measures, may be found in our investor letter, 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 our GAAP results. Finally, this call in its entirety is being audio webcast on our IR website. An audio replay of the call will be available on our site shortly after the call ends. As in previous quarters, we'll go straight into the Q&A portion.
So with that, operator, please take the first question.
Questions & Answers:
Operator
[Operator instructions] Your first question comes from the line of Ross Sandler from Barclays. Your line is open.
Ross Sandler -- Barclays -- Analyst
Hey, Tony, Prabir. I just had one high level and then one kind of more near term. So in the letter, I really like how you laid out the philosophy around investing proceeds from the U.S. restaurant profit pools into these new areas with precision.
And I think some folks on the line here are a little worried that after Wolt closes and that philosophy holds up, you're just going to have a lot more areas by which you can reinvest those profit pools across all of Europe. So can you just maybe just talk about how that philosophy might change post-Wolt? And then the second question is based on the revenue margin and the overall commentary on take rate, it looks like you're having no problems navigating supply, and fuel inflation doesn't seem to be an issue. But any noticeable changes from all the inflation out there on Dash or cost per order either kind of in the first quarter or anything we should expect looking ahead? Thanks a lot.