Federico Sandler | MercadoLibre, Inc. |
Pedro Arnt | MercadoLibre, Inc. |
Osvaldo Giménez | MercadoLibre, Inc. |
Stephen Ju | Credit Suisse Securities (NYSE:USA) LLC |
Franco T. Abelardo | Morgan Stanley Corretora de Valores Mobiliarios SA |
Irma Sgarz | Goldman Sachs do Brasil CTVM SA |
Aki Aggarwal | Barclays Capital, Inc. |
Ravi Jain | HSBC Securities USA, Inc. |
Robert E. Ford Aguilar | Bank of America Merrill Lynch |
Brad Erickson | KeyBanc Capital Markets, Inc. |
John Coffey | Susquehanna Financial Group LLLP |
Richard Cathcart | Bradesco SA CTVM |
Thomas Champion | Cowen & Co. LLC |
Good day, ladies and gentlemen, and welcome to the Mercado Libre's Q1 2018 earnings conference call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at that time.
As a reminder, today's conference is being recorded. I would now like to turn today's conference call to Mr.