What does preceding a string literal with "r" mean?

Question

I first saw it used in building regular expressions across multiple lines as a method argument to re.compile(), so I assumed that r stands for RegEx.

For example:

regex = re.compile(
    r'^[A-Z]'
    r'[A-Z0-9-]'
    r'[A-Z]$', re.IGNORECASE
)

So what does r mean in this case? Why do we need it?

Answer 1

The r means that the string is to be treated as a raw string, which means all escape codes will be ignored.

For an example:

'\n' will be treated as a newline character, while r'\n' will be treated as the characters \ followed by n.

When an 'r' or 'R' prefix is present, a character following a backslash is included in the string without change, and all backslashes are left in the string. For example, the string literal r"\n" consists of two characters: a backslash and a lowercase 'n'. String quotes can be escaped with a backslash, but the backslash remains in the string; for example, r"\"" is a valid string literal consisting of two characters: a backslash and a double quote; r"\" is not a valid string literal (even a raw string cannot end in an odd number of backslashes). Specifically, a raw string cannot end in a single backslash (since the backslash would escape the following quote character). Note also that a single backslash followed by a newline is interpreted as those two characters as part of the string, not as a line continuation.

Source: Python string literals