QIHOO 360 Technology's CEO Discusses Q2 2012 Results - Earnings Call Transcript

QIHOO 360 Technology Co. Ltd. (QIHU)

Q2 2012 Earnings Call

August 21, 2012 8:30 p.m. EDT


Helen Wu - Director of IR

Hongyi Zhou – Chairman and CEO

Alex Xu – Co-CFO


Timothy Chan – Morgan Stanley

Jiong Shao – Macquarie

Bin Liu – Citigroup

Tian Hou – T.H. Capital

Wendy Huang – CIMB

Andy Zhao – Bank of America

Cynthia Meng – Jefferies

George Askew – Stifel Nicolaus

[Nancy Yang] – [86 Research]

Kevin Kopelman – Cowen & Co.

Alicia Yap – Barclays Capital



Ladies and gentlemen, thank you for standing by, and welcome to the Qihoo 360 Second Quarter 2012 Earnings Conference Call.

[Operator Instructions]. I must advise you that this conference is being recorded today, Wednesday, the 22nd of August, 2012.

I would now like to hand the conference over to your first speaker today, Ms. Helen Wu, Director of Investor Relations. Thank you. Please go ahead, ma'am.

Helen Wu

Thank you, operator. Welcome, everyone, to our second quarter 2012 earnings conference call. I'm Helen Wu, Director of Investor Relations at Qihoo 360.

Joining me on the call today are Mr. Hongyi Zhou, Chairman and CEO; Mr. Alex Xu, co-CFO of the company. For today's call, management will first discuss operational and financial highlights for the second quarter of 2012, and then we'll open up the call for your questions.

Before we continue, I would like to refer you to our Safe Harbor Statements in our earnings press release, which applies to this call as we may make forward-looking statements. This call also includes discussions of certain non-GAAP financial measures. Please refer to our earnings press release which contains a reconciliation of non-GAAP measures to the most directly comparable GAAP measures. Finally, please note that, unless otherwise stated, all figures mentioned during the call are in US dollars.

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