FB: It "just isn't true" that teens are leaving...

6:57 PM It "just isn't true" that teens are leaving Facebook (FB), says Mark Zuckerberg during the Q2 call, citing company data and countering reports of teen fatigue. He adds "people on average are spending more time on Facebook than ever before," and that the company's main ad priority is to grow its advertiser count, rather than its ad count.  Gaming revenue was up an adjusted 11% Y/Y (good for ZNGA ... if it can halt share losses). Though capex fell in Q2, it's expected to grow 50% Y/Y in 2013. Time spent on Facebook averaged 20B/day in June, or 17 minutes/MAU. Ad prices +13% Y/Y, and spending by e-commerce firms rose significantly. Zuck again suggests Facebook is in no rush to monetize Instagram. FB +16.9% AH. (Q2: I, II) (live blogs: I, II) Read comments

FB price at time of publication: $30.16. Check FB price now »

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Focus Articles on FB

• Facebook Inc (FB) Management Discusses Q2 2013 Results (Webcast) by SA Transcripts
• Facebook Earnings Preview: Still Trading At Discount To Perceived Intrinsic Value by Brian Gilmartin
• Facebook 2Q 2013 Earnings Preview by Selerity Research

Press Releases on FB

• Facebook Reports Second Quarter 2013 Results (PR Newswire)
• Facebook to Announce Second Quarter 2013 Results (PR Newswire)
• Facebook Reports First Quarter 2013 Results (PR Newswire)

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Transcripts on FB

• Facebook's CEO Discusses Q1 2013 Results - Earnings Call Transcript
• Facebook's CEO Discusses Q4 2012 Results - Earnings Call Transcript
• Facebook's CEO Discusses Q3 2012 Earnings Results - Earnings Call Transcript

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