Marqeta, Inc. (NASDAQ:MQ) Q3 2023 Earnings Conference Call November 7, 2023 4:30 PM ET

Company Participants

Stacey Finerman - Vice President, Investor Relations

Simon Khalaf - Chief Executive Officer

Mike Milotich - Chief Financial Officer

Conference Call Participants

Tien-Tsin Huang - JPMorgan

Timothy Chiodo - UBS

Darrin Peller - Wolfe Research

Ramsey El-Assal - Barclays

Sanjay Sakhrani - KBW

Ashwin Shirvaikar - Citi

Bryan Keane - Deutsche Bank

Chris Kennedy - William Blair

Meryl Thomas - Morgan Stanley

Operator

Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to the Marqeta Third Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded. I’d now like to turn the call over to Stacey Finerman, Vice President of Investor Relations. Thank you. You may begin.

Stacey Finerman

Thanks, operator. Before we begin, I would like to remind everyone that today’s call may contain forward-looking statements, including statements regarding anticipated future financial and operating results, and future changes in or developments regarding accounting treatment among others. These forward-looking statements are subject to numerous risks and uncertainties, including the risks that our accounting treatment may be subject to further changes or developments as well as those set forth in our filings with the SEC, which are available on our Investor Relations website, including our annual report on Form 10-K for the period ended December 31, 2022, and our subsequent periodic filings with the SEC. Actual results may differ materially from any forward-looking statements we make today.

These forward-looking statements speak only as of the time of this call and the company does not assume any obligation or intent to update them, except as required by law. In addition, today’s call includes non-GAAP financial measures, these measures should be considered as a supplement to and not a substitute for GAAP financial measures. Reconciliations to the most directly comparable GAAP measures can be found in today’s earnings press release our earnings release supplemental materials, which are available on our Investor Relations website.

A reconciliation of forward-looking non-GAAP guidance is not available without reasonable effort due to the challenges in practicality with estimating some of the items, such as share-based compensation expense, depreciation and amortization expense and payroll tax expense, the effect of which could be significant.

Hosting today’s call are Simon Khalaf, Marqeta’s CEO; and Mike Milotich, Marqeta’s, Chief Financial Officer. With that, I’d like to turn the call over to Simon to begin.