NU - Nu Holdings Ltd. (NU) Q1 2024 Earnings Call Transcript
2024-05-15 00:01:10 ET
Nu Holdings Ltd. (NU)
Q1 2024 Earnings Conference Call
May 14, 2024, 06:00 PM ET
Company Participants
Jorg Friedemann - IR Officer
David Velez - Founder, Chairman, and CEO
Guilherme Lago - CFO
Youssef Lahrech - President and COO
Conference Call Participants
Tito Labarta - Goldman Sachs
Thiago Batista - UBS
Geoff Elliott - Autonomous
Gustavo Schroden - Bradesco
Jorge Kuri - Morgan Stanley
Eduardo Rosman - BTG Pactual
Yuri Fernandez - JPMorgan
Pedro Leduc - Itaú
Mario Pierry - Bank of America
Brian Flores - Citi
Neha Agarwala - HSBC
Presentation
Operator
Good evening, ladies and gentlemen. Welcome to Nu Holdings conference call to discuss the results for the first quarter of 2024. A slide presentation is accompanying today's webcast, which is available in News Investor Relations website, www.investor.nu in English and www.investidores.nu in Portuguese. This conference is being recorded, and the replay can also be accessed on the company's IR website. This call is also available in Portuguese. [Operator Instructions] [Foreign Language] [Operator Instructions]
I would now like to turn the call over to Mr. Jorg Friedemann, Investor Relations Officer at Nu Holdings. Mr. Friedemann, you may proceed.
Jorg Friedemann
Thank you very much, operator. and thank you all for joining our earnings call today. If you have not seen our earnings release, a copy is posted in the Results Center section of our Investor Relations website.
With me on today's call are David Velez, our Founder, Chief Executive Officer and Chairman; Youssef Lahrech, our President and Chief Operating Officer; Guilherme Lago, our Chief Financial Officer; and Jag Duggal, our Chief Product Officer.
Throughout this conference call, we will be presenting non-IFRS financial information, including adjusted net income. These are important financial measures for Nu, but are not financial measures as defined by IFRS and may not be comparable to similar measures from other companies. Reconciliations of our non-IFRS financial information to the IFRS financial information are available in our earnings press release.
Unless noted otherwise, all growth rates are on a year-over-year FX-neutral basis. I would also like to remind everyone that today's discussion might include forward-looking statements, which are not guarantees of future performance, and therefore, you should not put undue reliance on them. These statements are subject to numerous risks and uncertainties and could cause actual results to differ materially from our expectations.
Please refer to the forward-looking statements disclosure in our earnings release. Today, our Founder, Chairman and CEO, David Velez, will discuss the main highlights of our first quarter 2024. Subsequently, Guilherme Lago, our CFO; and Youssef Lahrech, our President and COO, will take you through our financial and operating performance for the quarter. After which time, we will be happy to take your questions.
Now I'd like to turn the call over to Dave. Dave, please go ahead.
David Velez
Thank you, Jorg. Good evening, everyone, and thank you again for being with us today....
Nu Holdings Ltd. (NU) Q1 2024 Earnings Call Transcript