Toast CEO on Q2 earnings, international expansion goals and AI usage

Financial Performance - Toast's recurring gross profit grew 35% year-over-year with 35% margins [2] - Toast surpassed $2 billion in annual recurring revenue (ARR) [2] - Toast exceeded $200 billion in restaurant sales volume, nearly triple since its IPO [3] Strategic Partnerships & Expansion - Toast announced a new partnership with American Express [1] - Toast is expanding into new market segments including international (UKI, Canada, Australia), enterprise, and retail (grocery, convenience, gas stations) [6][9][10] - Toast launched with Marriott, Hilton, Applebee's, Pop Belly, and Firehouse Subs [9] - Toast launched Zar New York City, showcasing complex retail operations powered by Toast [10] Business Focus & Priorities - Toast's core business includes software, hardware, payments, and services, with hardware being a smaller component [4] - Toast focuses on helping restaurants be more profitable and successful through solutions like handheld devices, commission-free e-commerce, and AI platforms [5][6] - Toast aims to more than double the opportunity in the US by expanding the total addressable market (TAM) globally [13] - Toast prioritizes vertical integration, focusing on specific sub-segments where the Toast platform can create real value for customers [8][11][12]