FB transcript.pdf - Company Name Facebook Company Ticker FB US Date Event Description Q3 2018 Earnings Call Market Cap 422,169.11 Current PX 146.22 YTD

FB transcript.pdf - Company Name Facebook Company Ticker FB...

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Company Name: Facebook Company Ticker: FB US Date: 2018-10-30 Event Description: Q3 2018 Earnings Call Market Cap: 422,169.11 Current PX: 146.22 YTD Change($): -30.24 YTD Change(%): -17.137 Bloomberg Estimates - EPS Current Quarter: 2.498 Current Year: 8.369 Bloomberg Estimates - Sales Current Quarter: 16434.975 Current Year: 55412.444 Page 1 of 15 Q3 2018 Earnings Call Company Participants Deborah Crawford Mark Elliot Zuckerberg Sheryl Kara Sandberg David M. Wehner MANAGEMENT DISCUSSION SECTION 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 third quarter 2018 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]. This call will be recorded. Thank you very much. Ms. Deborah Crawford, Facebook's Vice-President of Investor Relations, you may begin. Deborah Crawford Thank you. Good afternoon and welcome to Facebook's third quarter 2018 Earnings Conference Call. Joining me today to discuss our results are Mark Zuckerberg, CEO; Sheryl Sandberg, COO; and David Wehner, CFO. Before we get started, I would like to take this opportunity to remind you that our remarks today will include forward-looking statements. Actual results may differ materially from those contemplated by these forward-looking statements. Factors that could cause these results to differ materially are set forth in today's press release and in our quarterly report on Form 10-Q filed with the SEC. Any forward-looking statements that we make on this call are based on assumptions as of today and we undertake no obligation to update these statements as a result of new information or future events. During this call, we may present both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in today's earnings press release. The press release and accompanying investor presentation are available on our website at InvestorRelations.FB.com. And now I'd like to turn the call over to Mark. Mark Elliot Zuckerberg Thanks, Deborah, and thank you all for joining us today. We had a solid quarter and our community and business continue to grow quickly. Two-point-three billion people now use Facebook every month, and 1.5 billion every day. Revenue grew 33% year-over-year to $13.7 billion. Last quarter, for the first time, we also shared the number of people who use at least one of our apps each month. We believe this is a better way to measure our community over time because so many people use more than one of our apps. There are now more than 2.6 billion people using Facebook, WhatsApp, Instagram or Messenger per month, up from around 2.5 billion last quarter. But now, on average, more than 2 billion people use at least one of our services every day.
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