Nu Holdings Ltd. (NYSE:NU) Q3 2024 Earnings Conference Call November 13, 2024 5:00 PM ET

Company Participants

Jorg Friedemann - IR Officer
David Vélez - Founder, Chairman, and Chief Executive Officer
Guilherme Lago - Chief Financial Officer
Youssef Lahrech - President and Chief Operating Officer
Jag Duggal - Chief Product Officer

Conference Call Participants

Jorge Kuri - Morgan Stanley
Mario Pierry - Bank of America
Tito Labarta - Goldman Sachs
Geoff Elliott - Autonomous
John Coffey - Barclays
Neha Agarwala - HSBC
Eduardo Rosman - BTG
Yuri Fernandes - JP Morgan
Henrique Navarro - Santander
Pedro Leduc - Itaú
William Tang - SIG

Operator

Good afternoon ladies and gentlemen, welcome to Nu Holdings Conference Call to discuss the results for the Third Quarter of 2024. A slide presentation accompanies today's webcast, which is available on Nu's Investor Relations website www.investors.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] Please be advised that all participants will be listen-only mode. You may submit online questions at any time today using a Q&A box on the webcast.

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 Vélez, 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 Holdings, 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 discussions 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.