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August 06, 2012 7:00 am ET
Alex Ho - Chief Financial Officer and Principal Accounting Officer
Wang Tao - Chief Executive Officer and Director
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
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.
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.