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Facebook Inc (FB)’s Q4 2014 Earnings Conference Call Transcript

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Below is transcript of the Facebook Inc (NASDAQ:FB)’s Q4 2014 Earnings Conference Call, held on Wednesday, January 28, 2015 at 5:00 pm EST. Srs Investment Management, Ibis Capital Partners and Tekne Capital Management was among Facebook Inc (NASDAQ:FB)’s shareholders at the end of the third quarter.


Facebook Inc. (NASDAQ:FB)


Facebook Inc (NASDAQ:FB) is a social networking website company. The Company provides Facebook’s websites and mobile applications enabling customers to stay connected with their friends and family. The Company’s business focuses on creating value for users, marketers, and developers. The Company supports developers to build, grow, and monetize mobile and web applications.


Deborah Crawford – Vice President of Investor Relation, Facebook Inc.


Company Representatives:
Mark Zuckerberg – CEO Facebook Inc.
Sheryl Sandberg – COO Facebook Inc.
Dave Waners – CFO Facebook Inc.


Heather Blain – Goldman Sachs
Eric Sheridan – UBS
John Blacklidge – Colin
Justin Post – Merrill Lynch
Ben Swinburne – Morgan Stanley
Peter Stabler – Wells Fargo
Anthony Decramins – Wimnora
Colins Sebastian – Robert Berreck
Carlos Gressioner – Bernstein
Paul – Barkley
Robert Pack – SunTrust

Arwin Bechio
Brian Wiser
Ross Sandler.

Good Afternoon, my name is Courtney and I will be your conference operator today. At this time, I would like to welcome everyone to the Facebook fourth quarter and four year 2014 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speakers remarks, there will be a question and answer session. If you like to ask a question during that time, please press * then the number one on your telephone keypad. Thank you very much. Miss Deborah Crawford, Facebook vice president of investor relations, you may begin.


Deborah Crawford, Vice President of Investor Relation
Thank you, good afternoon and welcome to Facebook’s first quarter earnings conference call. Joining me today to talk about our results are Mark Zuckerberg – CEO, Sheryl Sandberg – COO and Dave Waners – CFO. Before we get started, I would like to take this opportunity to remind you that our remarks today will include forward looking statements and actual results may differ materially from those contemplated by these forward looking statements. Factors that could cause these results to differ materially are set fourth in today’s press release are an report on firm ten K and the most recent quarterly report on firm ten Q filled with the GSCC.

Any forward looking statements that we make on this call are based on assumptions as if today and we undertake no obligation to update these statements as a result of new information or future events. During this call we will present both gap and non gap financial measures. A reconciliation of gap to non gap measures is included in today’s earnings press release. The press release and then the company presenter information are available on our website at And now I like to turn the call over to Mark.


Mark Zuckerberg, CEO
Thanks Deborah and thanks everyone for joining today. This has been a great quarter for Facebook and a great end for the year. Our community continued to grow in size and engagement and we are very pleased for the growth of our business. Overall, 2014 was a year of great progress for the Facebook community. 1.39 billion people now use Facebook each month and 890 million people daily. An increase of an 165 million monthly actives and an 133 million daily actives this year. Time spent per person per day across our services continued to rise growing this quarter by more than 10 % compared to last year. And that doesn’t even include Whatsapp which joined us by last year. These milestones show that our community continues to get stronger. It’s not just our community were we have met a lot of progress. 2014 was also a year of big investments in our future.

This year we made big invest on the next generation of communication and computing platforms by acquiring Whatsapp and Oculus. We focused on serving our community better across all of our products raising the quality and relevance of content and newsfeed, improving our search and video products and improving the performance and efficiency of our mobile apps and we continue to invest in our employees and infrastructure growing our head count by 45% this year and opening our newest data center in November in Altoona, Iowa. When you consider the progress of our community and our investments, 2014 was an important year for us and a good sign of how we are thinking about the future. In the next decade, Facebook is focused on our mission to connect the entire world welcoming billions of people to our community and connecting many more people to the internet through

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