Facebook Inc (FB) Earnings Call Transcript: 2014 Q3

Operator

The next question comes from Paul Vogel with Barclays. Your line is open.

Paul Vogel, Barclays

Great! Thanks so much! I just wanted to talk a little bit about the engagement size. DAU and MAU continue to be very strong. Can you just sort of maybe talk about your older co-words versus the new cowards and how they behave? And then also geographically and on top of that on the frequency side DA used as a measure how often people come back more than once per day. So any update on increasing frequency of visits?

Thanks!

David B. Fischer, Vice President – Business and Marketing Partnerships, Facebook

I don’t think anything to update on the latter front Paul but the DAU to MAU ratio which we focus on our engagement was strong across all geographic regions. So, you know North America remains the high end and we are really pleased with what we are seeing there. Nothing to update on co-words.obviously we are really pleased with what the mobile impact has on the DAU to MAU ratio and we are really encouraged about what we are seeing across the board on engagement. So, I don’t see anything other than that specifically to call out.

Operator

The next question comes from Mark May with Citi. Your line is open.

Mark May, Citi

Thanks! For the last couple of years you’ve back on our bags for sure guidance. For that last couple of years you’ve current your cash up bags for around a billion a year with some consistency and I think that this seems to be continuing in this cycle of the year but obviously your mid-point guidance, our bag for the next year represents a very significant, I think it is 2.5%, USD  2.5  B increase at the mid-point. You are obviously plan to change the level of investments into something quite significantly. Just wondering if you could talk a little bit more specifically about what a couple other projects with capital intensive, you know, projects that you are planning for the next year. And then, is it physically possible to accelerate your highlight to that much at share?

David B. Fischer, Vice President – Business and Marketing Partnerships, Facebook

Yes, thanks Mark! You know, the projects, rely, that both Mark and Sheryl outlined in terms of continuing to invest in the core Facebook experiences, growth engagement and monetization, building the app tag side and the investments that we want to make there as well as the recent, you know, continue to invest against the recent acquisitions that we made against WhatsApp and Oculus. So, it is really the investments that we are making there. We are also going to support Global Growth with our Internet.org initiative investing there so a number of them. And key initiatives that Mark outlined in his comments that we are investing against and again we are giving a range of what we think are a reasonable range of guidance on that. And then we saw head count. We had a good grip of our head count office this quarter and we are going to be continuing to invest as we think whose will be good investments of the long run in terms of being able to draw our long term growth.