Facebook Inc (FB) Earnings Call Transcript: 2014 Q3

 Operator

The next question comes with John Blackladge with County Company. Your line is open.

John Blackladge, County Company

Great! Thanks! Just a couple of questions on video. How should we think of Facebook as a video platform and how does the mix between user generated versus public content versus professionally produced content evolve over time and for example the upcoming short film content produced by Lions Gate around the Twilight franchise that will be shown exclusively on Facebook. Will that be the content Facebook users will see in the future? And then if you could just give an update on the Instagram monthly active user content that will be great. Thank you!

Mark Zuckerberg, Chairman of the Board, Chief Executive Officer, Facebook

I can speak of the video point. I think it is going to be all of the above in terms of what you said. You know, most of the content on Facebook is things people are sharing with their friends and people around them so we will continue to see that in video as well as this definitive trend over the last five years where if you go back five years most of the content was text now a lot of it is photos and if you look in the future as networks get better and the ability to capture good video and share it in a good way improves them. I think that going forward of all the contents people share will be video is very compelling. There is also a lot of great public content that is video especially the shorter form content that you are mentioning I think it will fit very well on to the feed form factor that people consume on Facebook. So, I think we are going to see a lot of both of these things and it is going to be a revolution over the next few years but I think you can expect to see a ramp of all these.

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

And on Instagram we have update on numbers and they continue to grow nicely but we haven’t new public number on Instagram

Operator

The next question comes from Justin Post with Merrill Lynch. Your line is open.

Justin Post, Merrill Lynch

Thanks! Mark it seems like you are taking portfolio approach to apps and you’ve got several different experiences for people on mobile devices and other devices. Can you give us your philosophy around that and as people use things like WhatsApp and Instagram is it actually maybe possibly hurting Facebook’s reported metrics and how do you think about putting this all together and helping every, every path kind of work?