Is it worth using Python's re.compile?

Question

Is there any benefit in using compile for regular expressions in Python?

h = re.compile(\'hello\')
h.match(\'hello world\')

vs

Answer 1

As an alternative answer, as I see that it hasn't been mentioned before, I'll go ahead and quote the Python 3 docs:

Should you use these module-level functions, or should you get the pattern and call its methods yourself? If you’re accessing a regex within a loop, pre-compiling it will save a few function calls. Outside of loops, there’s not much difference thanks to the internal cache.