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TheStreet Open House

Changyou.com Limited Management Discusses Q2 2012 Results - Earnings Call Transcript

Changyou.com Limited (CYOU)

Q2 2012 Earnings Call

August 06, 2012 7:00 am ET

Executives

Angie Chang

Alex Ho - Chief Financial Officer and Principal Accounting Officer

Wang Tao - Chief Executive Officer and Director

Analysts

Dick Wei - JP Morgan Chase & Co, Research Division

Eddie Leung - BofA Merrill Lynch, Research Division

Timothy Chan - Morgan Stanley, Research Division

Alicia Yap - Barclays Capital, Research Division

Atul Bagga - Lazard Capital Markets LLC, Research Division

Alex Yao - Deutsche Bank AG, Research Division

Presentation

Operator

Good morning, good afternoon, and good evening. My name is Angela, and I will be your conference operator. At this time, I would like to welcome everyone to the Q2 2012 Changyou.com Ltd. Earnings Conference Call. [Operator Instructions]

I would like to turn the conference to Ms. Angie Chang. Please go ahead.

Angie Chang

Thank you for joining Changyou.com to discuss our second quarter 2012 results. You may find a copy of our earnings press release, which we issued earlier, on the IR section of our website at www.changyou.com/en or through the newswires.

On the call today are Mr. Tao Wang, CEO; Mr. Dewen Chen, President and COO; Mr. Alex Ho, CFO; and Mr. Xiaojian Hong, CTO. Mr. Ho will lead off by providing business highlights on behalf of Mr. Wang, and then he will discuss financial results for the quarter just ended. After the prepared remarks, he will be joined by the other officers to answer questions.

Before we continue, please allow me to read you Changyou's Safe Harbor statement. Statements that are not historical facts, including statements about the company's beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore, you should not place undue reliance on them.

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