Facebook’s (FB) CEO Mark Zuckerberg on Q3 2020 Results – Earnings Call Transcript

Facebook, Inc(NASDAQ:FB) Q3 2020 Earnings Conference Call October 29, 2020 6:00 PM ET

Company Participants

Deborah Crawford – Vice President-Investor Relations

Mark Zuckerberg – Chief Executive Officer

Sheryl Sandberg – Chief Operating Officer

Dave Wehner – Chief Financial Officer

Conference Call Participants

Brian Nowak – Morgan Stanley

Eric Sheridan – UBS

Justin Post – Bank of America

Brent Thill – Jefferies

Heather Bellini – Goldman Sachs

Doug Anmuth – JPMorgan

Michael Nathanson – MoffettNathanson

Mark Mahaney – RBC

Youssef Squali – Truist Securities


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 2020 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 2020 earnings conference call. Joining me today to discuss our results are Mark Zuckerberg, CEO; Sheryl Sandberg, COO; and Dave 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 an accompanying investor presentation are available on our website at investor.fb.com.

And now, I’d like to turn the call over to Mark.