Mercadolibre, Inc. (NASDAQ:MELI) Q2 2020 Earnings Conference Call - Final Transcript

Aug 10, 2020 • 09:00 am ET


Mercadolibre, Inc. (NASDAQ:MELI) Q2 2020 Earnings Conference Call - Final Transcript


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Federico Sandler

Hello everyone and welcome to MercadoLibre Earnings Conference Call for the quarter ended June 30, 2020. I am Federico Sandler, Investor Relations Officer for MercadoLibre. Our senior manager presenting today is Pedro Arnt, Chief Financial Officer. Additionally, Osvaldo Gimenez, CEO of Mercado Pago will be available during today's Q&A session.

I remind you that management may make forward-looking statements relating to such matters as continued growth prospects for the company, industry trends and product and technology initiatives. These statements are based on currently available information and our current assumptions, expectations and projections about future events. While we believe that our assumptions, expectations and projections are reasonable in view of the currently available information, you're cautioned not to place undue reliance on these forward-looking statements. Our actual results may differ materially from those discussed in this call for a variety of reasons, including those described in the forward-looking statements and risk factors sections of our 10-K for the year ended December 31, 2019 Item 1A-Risk Factors in Part II of our Form 10-Q for the quarter ended March 31, 2020 and then any of MercadoLibre, Inc., other applicable filings with the Securities and Exchange Commission which are available on our Investor Relations website.

Finally, I would like to remind you that during the course of this conference call, we may discuss some non-GAAP measures. A reconciliation of those measures to the nearest comparable GAAP measures can be found in our second quarter 2020 earnings press release available in our Investor Relations website.

Now, let me turn the call over to Pedro. Hello everyone and welcome to our second quarter 2020 Earnings Conference Call. Before we begin, I want to take a moment to highlight that our thoughts and well wishes continue to go out to all the individuals and families affected by COVID-19, both at our company and everywhere. We particularly extend our immense gratitude for and appreciation and recognition to all those brave souls who continue to work on the frontlines through this unprecedented global health crisis. As you may have seen our latest branding campaign Elbow to Elbow which promotes social distancing is one of the ways we are contributing to awareness around prevention, raising funds for treatment efforts and paying tribute to healthcare professionals. I'll detail our other contributions in a moment. We also want to take this opportunity to thank all of MercadoLibre's employees who have shown endless amounts of resiliency, effort, sense of purpose and courage whether it be balancing the requirements of family, household and work responsibilities while conforming to social distancing norms and working from home or showing up to work at our warehouses and service centers every day enabling us to deliver the goods that our users need. We are all immensely proud of all the hard work our employees are doing during such trying times. Before I dive into the quarterly performance overview, let me share with you some of the efforts we continue to undertake in response to this pandemic. We have