StoneCo Ltd. (NASDAQ:STNE) Q2 2023 Earnings Conference Call August 16, 2023 5:00 PM ET
Company Participants
Pedro Zinner - CEO
Mateus Scherer Schwening - CFO and IRO
Lia Machado de Matos - Chief Strategy Officer
Conference Call Participants
Sheriq Sumar - Evercore ISI
Juan Recalde - Scotiabank
Tito Labarta - Goldman Sachs
Gabriel Gusan - Citibank
Antonio Ruette - Bank of America
Josh Siegler - Cantor Fitzgerald
Neha Agarwala - HSBC
John Coffey - Barclays
Guilherme Grespan - JPMorgan
Kaio Prato - Banco UBS
William Barranjard - Itaú BBA
Jamie Friedman - Susquehanna
Soomit Datta - New Street Research
Nicolas Riva - Bank of America
Operator
Good evening, ladies and gentlemen, thank you for standing by. Welcome to the StoneCo Second Quarter 2023 Earnings Conference Call. By now, everyone should have access to our earnings release. The company also posted a presentation to go along with its call. All material can be found online at investors.stone.co.
Throughout this conference call, the company will be presenting non-IFRS financial information, including adjusted net income and adjusted net cash. These are important financial measures for the company but are not financial measures as defined by IFRS. Reconciliations of the company's non-IFRS financial information to the IFRS financial information appear in today's press release.
Finally, before we begin our formal remarks, I would like to remind everyone that today's discussion might include forward-looking statements. These forward-looking statements 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 that could cause actual results to differ materially from the company's expectations.
In addition, many of the risks regarding the business are disclosed in the company's Form 20-F filed with the Securities and Exchange Commission, which is available at www.sec.gov. Please note, this event is being recorded.
I would now like to turn the conference over to your host, Pedro Zinner, Chief Executive Officer at StoneCo. Please proceed.
Pedro Zinner
Thank you, operator, and good evening, everyone. Joining me today on the call is our Chief Financial Officer and Investor Relations Officer, Mateus Scherer; our Chief Strategy Officer, Lia Matos; and our Head of IR, Roberta Noronha.
I will start today's call by giving you some of my thoughts on the second quarter, and then I will turn it over to the team to walk through our results in more detail. Overall, I was pleased with our performance in the second quarter. Externally, from a commercial perspective, we generated strong growth by continuing to win in the areas we want to prioritize.