Facebook Management Discusses Q2 2012 Results - Earnings Call Transcript

Facebook (FB) Q2 2012 Earnings Call July 26, 2012 5:00 PM ET

Executives

Deborah Crawford
Mark Zuckerberg - Founder, Chairman of the Board and Chief Executive Officer
Sheryl K. Sandberg - Chief Operating Officer and Director
David A. Ebersman - Chief Financial Officer

Analysts

Spencer Wang - Crédit Suisse AG, Research Division
Mark S. Mahaney - Citigroup Inc, Research Division
Jason Maynard - Wells Fargo Securities, LLC, Research Division
Douglas Anmuth - JP Morgan Chase & Co, Research Division
Herman Leung - Susquehanna Financial Group, LLLP, Research Division
Scott W. Devitt - Morgan Stanley, Research Division
Anthony J. DiClemente - Barclays Capital, Research Division
Heather Bellini - Goldman Sachs Group Inc., Research Division
Laura A. Martin - Needham & Company, LLC, Research Division
Kenneth Sena - Evercore Partners Inc., Research Division
Benjamin A. Schachter - Macquarie Research
Daniel Salmon - BMO Capital Markets U.S.

Operator

Good afternoon. My name is Mike, and I will be your conference operator today. At this time, I would like to welcome everyone to the Facebook Second Quarter 2012 Earnings Conference Call. [Operator Instructions] Ms. Crawford, you may begin your conference call.

Deborah Crawford

Thank you. Good afternoon, and welcome to Facebook's first earnings conference call. Joining me today to talk about our second quarter results are: Mark Zuckerberg, CEO; Sheryl Sandberg, COO; and David Ebersman, CFO.

Before we get started, I'd like to take this opportunity to remind you that during the course of this call, we will make forward-looking statements regarding future events and the future financial performance of the company. We caution you to consider the important risk factors that could cause actual results to differ materially from those in the forward-looking statements in the press release and this conference call. These risk factors are described in our press release and are more fully detailed under