Deborah Crawford | Facebook, Inc. |
Mark Elliot Zuckerberg | Facebook, Inc. |
Sheryl Kara Sandberg | Facebook, Inc. |
David M. Wehner | Facebook, Inc. |
Douglas T. Anmuth | JPMorgan Securities LLC |
Eric J. Sheridan | UBS Securities LLC |
Brian Nowak | Morgan Stanley & Co. LLC |
Justin Post | Bank of America Merrill Lynch |
Ross Sandler | Barclays Capital, Inc. |
Lloyd Walmsley | Deutsche Bank Securities, Inc. |
Brent Thill | Jefferies LLC |
Mark A. May | Citigroup Global Markets, Inc. |
Anthony DiClemente | Evercore Group LLC |
Heather Bellini | Goldman Sachs & Co. LLC |
Ralph Edward Schackart | William Blair & Co. LLC |
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.