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 |
Mark A. May | Citi Investment Research |
Eric J. Sheridan | UBS Securities LLC |
Justin Post | Bank of America-Merrill Lynch |
Heather Bellini | Goldman Sachs & Co. LLC |
Ross Sandler | Barclays Capital, Inc. |
Anthony DiClemente | Evercore Group LLC |
John Blackledge | Cowen & Co. LLC |
Peter C. Stabler | Wells Fargo Securities LLC |
Brian Nowak | Morgan Stanley & Co. LLC |
Colin Alan Sebastian | Robert W. Baird & Co., Inc. |
Mark Mahaney | RBC Capital Markets LLC |
Richard Greenfield | BTIG LLC |
Youssef Squali | SunTrust Robinson Humphrey, Inc. |
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 First Quarter 2018 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there'll be a question-and-answer session.