Facebook on Conference Call- Reiterates meaningful slow down in ad growth revenue; Reiterates 2017 CapEx guidance
- Continue to expect ad revenue growth rate will come down meaningfully in 2017; ad flows play less of a significance.
- Desktop ad rev growth rate will slow in Q3 as it uses ad blockers.
- Reaffirms GAAP Expenses to grow 40-50% y/y
- Total Cap Ex will be $7.0-7.5 bln/
- Expect tax rates to be in mid teens (Q1 was 10%).