Facebook quarterly earnings conference call

Join CNET for live coverage of Facebook's first earnings call since going public

  • Josh Lowensohn 7/26/2012 7:38:53 PM
    We'll be back @ 2 p.m. PT to cover the earnings call. Stay tuned.
  • Paul Sloan 7/26/2012 8:42:52 PM
    Hey all. Time for all things Facebook. Big numbers, and Wall Street isn't happy. The conference call starts in about 15 minutes.
  • charles.cooper 7/26/2012 8:43:56 PM
    Stock's getting creamed. Now down around 18% after hours...
  • charles.cooper 7/26/2012 8:47:01 PM
    One possible explanation for the massacre, according to one analyst: Lack of forecast, as per this story by Marketwatch.
  • binaryboss 7/26/2012 8:49:23 PM
    hope zuckerberg gets on the call and says some amazing stuff. we need you mark!
  • A Paul Crandall 7/26/2012 8:49:35 PM
    Zuckerberg needs to show up and exhibit some leadership for the stockholders... This company is doing great, just lakes a good figurehead right now. I am convinced Mark can do the job, but he has to wake up and get out front.
  • Paul Sloan 7/26/2012 8:50:05 PM
    @Paul Crandall. I agree. This is a time for Mark to show the Street he can lead.
  • Josh Lowensohn 7/26/2012 8:51:35 PM
  • Paul Sloan 7/26/2012 8:51:55 PM
    Meeting expectations (that you, the company, guide is one thing. Now they need to be specific about what's coming...)
  • Josh Lowensohn 7/26/2012 8:52:05 PM
  • Paul Sloan 7/26/2012 8:53:00 PM
    Leave it to Facebook to provide lots of nice charts.
  • Josh Lowensohn 7/26/2012 8:53:09 PM
  • charles.cooper 7/26/2012 8:53:43 PM
    Hard to separate out the bad buzz around Facebook, but the report was hardly a disaster. Solid, even. Maybe that's a
    small consolation to anyone who bought at 38 back in May.
  • Paul Sloan 7/26/2012 8:54:21 PM
    That's true -- it *was* a respectable quarter. But stock prices are forward
    looking. What comes out on the call will be critical.
  • Joey 7/26/2012 8:54:43 PM
    Time to shine Zuck. Don't let us down.
  • charles.cooper 7/26/2012 8:55:08 PM
    To Zuck or not to Zuck, that is the question. Given all the handwringing about Facebook just now, one would think that he has EXTRA incentive to make a cameo this time around.
  • Paul Sloan 7/26/2012 8:56:12 PM
    Facebook is turning into a short sellers dream.
  • charles.cooper 7/26/2012 8:57:51 PM
    3 minutes to post time and the stock's down 17% in after-hours trading.
  • charles.cooper 7/26/2012 8:59:39 PM
    Some of the nerves might be related to second quarter costs and expenses nearly tripling to $1.9 billion. But most of that is due to share-based compensation expenses.
  • A Paul Crandall 7/26/2012 9:01:07 PM
    The possibilities for business revenue are virtually unlimited for FB.... I watched a live webinar last night for a new multi level mobile company called SolaVei. They offer $49.99 unlimited text voice and data. They had 11000 people on the call and they don't launch until Septembrer, 2012... They have a facebook page and their number one strategy for growth involves FB and the networking aspect. facebook This type of opportunity is one small example of how small businesses will profit and how FB can monetize their 900 million and growing user base.
  • Paul Sloan 7/26/2012 9:01:30 PM
    @ Paul Crandall - yes, big possibilities. But all still to come.
  • charles.cooper 7/26/2012 9:02:18 PM
    Zuckerberg is there
  • charles.cooper 7/26/2012 9:03:07 PM
    Citi's Mark Mahaney just issued a report calling the numbers "a modest beat."
  • charles.cooper 7/26/2012 9:03:54 PM
    Zuckerberg kicks off the festivities.
  • charles.cooper 7/26/2012 9:04:29 PM
    Zuck says that "hopefully," listeners will come away from today's call with a clear idea where Facebook's heading. I bet.
  • charles.cooper 7/26/2012 9:06:04 PM
    Talking about 2012 priorities, he says that mobile is a huge opportunity for Facebook. Expects 4 to 5 billion people to get smartphones over the next few years..Says that 543 million people using Facebook's mobile services, adding that
    they are 20% more likely than desktop users to use the service.
  • charles.cooper 7/26/2012 9:06:31 PM
    Meanwhile, check out the slides. Facebook continues to grow its user base and average revenue per user (ARPU). However, outside the U.S., where most of the user growth is happening, the ARPU is far less than in North America (see the charts below).
  • charles.cooper 7/26/2012 9:06:53 PM
    Back to Zuck, expect to see frequency of improvement to different
    "mobile experiences."
  • charles.cooper 7/26/2012 9:07:56 PM
    Zuck: Goal is to to build a successful social platform that allows developers to better
    integrate with Facebook.
  • charles.cooper 7/26/2012 9:09:13 PM
    Zuck does the vision thing, imagining a day when you buy a new car, then log in to Facebook and get new music, etc.
    based on social preferences. Meh.
  • Paul Sloan 7/26/2012 9:09:43 PM
    Zuck is talking up all the open graph apps out there. says people are sharing nearly $1 billion pieces of info every day using Open Graph
  • Paul Sloan 7/26/2012 9:10:02 PM
    Says that largest open graph users / partners tend to become advertisers
  • Paul Sloan 7/26/2012 9:10:28 PM
    Social ads - says best ads are messaging from a friend
  • Paul Sloan 7/26/2012 9:10:39 PM
    content from people you care about - that's what marketers want.
  • Paul Sloan 7/26/2012 9:11:23 PM
    He's talking about mobile users and social ads. He says social ads give clear path to mobile.
  • Paul Sloan 7/26/2012 9:11:45 PM
    By end of June , sponsored stories in News feed was over $1 million a day and half of that was from mobile.
  • charles.cooper 7/26/2012 9:11:45 PM
    While Zuck yaks, another take on why the stock's twisting in the wind. This one comes from Michael Matousek, a senior trader at U.S. Global Investors. "They beat, but the Street was looking for more and that's why I think shares turned lower after an initial bounce," Matousek tells Reuters. "The big question with the stock is how it will monetize its billion or so users. A lot of people think they can't convert those users to money.
  • charles.cooper 7/26/2012 9:12:31 PM
    Here's a news nugget: Zuckerberg says that Facebook is looking to increase the percentage of ads that are social over the next three years.
  • Paul Sloan 7/26/2012 9:12:56 PM
    Here is Sheryl Sandberg, COO, talking about the unique ad capabilities.
  • charles.cooper 7/26/2012 9:13:11 PM
    Sheryl Sandberg taking over for Zuck. Someone from tech support ought to fix her mic. She sounds like she's with Captain Nemo 20,000 leagues under the sea.
  • Paul Sloan 7/26/2012 9:13:25 PM
    She says marketers know that a recommendation from a friend is the most powerful way to sell a product.
  • Paul Sloan 7/26/2012 9:14:33 PM
    Over past quarter, made progress in monetization -- rolling out new products and making it easier for advertisers to advertise with us.
  • charles.cooper 7/26/2012 9:14:36 PM
    If anybody wants to follow along with the Facebookers live, go to this web page.
  • Paul Sloan 7/26/2012 9:15:11 PM
    She's talking about sponsored stories. Example: Wal-mart can pay to have someone's post spread among friends.
  • Paul Sloan 7/26/2012 9:15:33 PM
    FB users spend a large percentage of time on news feed, and that lets marketers reach people easily
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