Facebook (NASDAQ:FB) reports earnings on July 24, after market close. The release is definitely important to investors. After redesigning the News Feed and Timeline and a number of other changes, it will be interesting to see if these changes are working. In the video below, Fool contributor Daniel Sparks outlines three important metrics for investors to watch.

Fool contributor Daniel Sparks has no position in any stocks mentioned. The Motley Fool recommends Facebook. The Motley Fool owns shares of Facebook. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.