Facebook founder Mark Zuckerberg has said the social media platform is moving “towards a world where video is at the heart of all our services” in a statement alongside its latest earnings report.

The young billionaire’s comment will be of particular interest to news outlets, many of which have been investing in distributing video on the platform since the advent of Facebook Live six months ago.

A change to Facebook’s algorithm has meant live video is promoted above video that is no longer live in a user’s News Feed, but there had been concerns that this could go as quickly as it came.