Facebook Inc (FB) Earnings Call Transcript: 2014 Q3

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Another key part of our strategy is helping developers build more great social experiences on our platform. Over the next few years our goal is to make Facebook the cross-platform platform that allows developers to build, grow and monetize their apps across every major mobile platform. We’ve continued to make good progress here. This quarter we opened our audience network to all developers and publishers allowing over 1.5 million advertisers on Facebook to extend their campaigns across mobile and for developers to begin monetizing their apps. We are also excited by the continued adoption of Applinks – our deep linking technology for mobile apps. Applinks is now used by hundreds of apps across iOS, Android, Windows phone and in just the past six months developers have created links to more than 3 billion individual destinations in these apps.

Now, let’s talk about how we are approaching our goals over the next 10 years. For the next 10 years our focus is on driving the fundamental changes in the world that we need to achieve our mission – connecting the whole world, understanding the world with big leaps and AI and developing the next generation of platforms especially in computing. This is a very big period, very busy period for our efforts with the.internet.org. In July we worked with Eric Tellez to launch the internet.org in Zambia. This provides free data access to instead of basic Internet services for health, education, employment and communication.

The results from this are very encourging. We’ve already heard a lot of amazing stories of how people using the Internet add value in their life. We hope to bring the Internet.org app to many more countries soon. Over the last two months I’ve also traveled to several countries and met with policy makers, industry leaders and people of communities that are coming online for the first time. Increasingly industry and governments are seeing expanding Internet access as one of their core priorities. This is a positive development for our work with internet.org, our long term goal of connecting everyone in the world. Finally, let’s talk for a minute about our progress with Oculus. As I said before, with Oculus we are making a long term bet on the future of computing. Every 10 to 15 years a new major computing platform arrives and we think that virtual and augmented reality are important part of this upcoming next platform.

This quarter Oculus continued make progress towards this vision. In September the first Oculus development conference took place where we announced a new prototype VR head set on the past of a consumer version of the rift. We’ve continued to see a lot of excitement in the developers’ community and we’ve now shift more than a 100,000 rift developers’ kits to 130 countries. It is still early for Oculus but we are encouraged to see the variety of apps and games being developed for this platform. Internet.org and Oculus are just two job opportunities ahead. Our efforts here will take longer to achieve their full impact but we are going to continue to preparing for the future by investing aggressively. So that is our approach and our strategy over the next 3, 5 and 10 years. While focusing on our big goals of connecting everyone, understanding the world an building the next generation of platforms. This has been a quarter with strong results.

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