Meta's Reality Labs unit generated $1B+ in Q4 revenue but saw a record $4.65B operating loss; the metaverse division has now lost $42B+ since the end of 2020
Meta's Reality Labs hit $1 billion in revenue for the first time Dean Takahashi / VentureBeat : Meta Reality Labs loses $4.65B in Q4 Threads: Benedict Evans / @benedictevans : Best quarter ever for Meta's VR on Quest 3 sales. (Unfair comparison: Apple's revenue on pre-sales of the Vision Pro is probably roughly the same) Peter Kafka / @pkafka : Meta in 2022: We are going to spend so much money on the metaverse. Wall Street 2022: Boo! Meta now: We just lost $16 billion on the metaverse and we're going to lose more next year. Wall Street now: Fuck yeah! https://www.businessinsider.com/ ... Mark Zuckerberg / @zuck : Full speed ahead 💪 Jay Mayo / @jaymayo_vrtist : Yes! @zuck still saying “metaverse” in the earnings call. X: Henry Blodget / @hblodget : Facebook burning ~$20 billion a year on metaverse dream — and still had an astoundingly profitable quarter. Shows how mind-bogglingly successful the core business is. David Heaney / @heaney555 : Quest 3's launch quarter revenue was 50% higher than Quest 2's. Meta's VR business is growing - it was not just a pandemic blip. @thetranscript_ : $META CEO: “Reality Labs crossed $1B in revenue in Q4 for the first time with Quest having a strong holiday season. Quest 3 is off to a strong start, and I expect to continue to be the most popular mixed-reality device..Reality Labs operating loss was $4.6B” [image] @thetranscript_ : $META CEO: “Reality Labs crossed $1B in revenue in Q4 for the first time with Quest having a strong holiday season. Quest 3 is off to a strong start, and I expect to continue to be the most popular mixed-reality device” [image] @knowledge_vital : $META The most impressive part about Meta's earnings is that this is what they earned after $1.15B in restructuring charges and $4.6B in Reality Labs losses @sammeciar : $META earnings... Phenomenal. Beat on everything, guidance raised, new $50B buyback and $0,5$ per share dividend initiated. Operating margin at 40%, new ATH despite large money burner - Reality Labs. $AMZN also beautiful. Nice beats, AWS generally in line but importantly... Jan Horský / @eniks_cz : Meta Q4 numbers are here. Seems like Reality Labs revenue finally went up, compared to Q4 last year or even Q4'21. [image] Gene Munster / @munster_gene : $META's Reality labs losses will “increase meaningfully” year over year. They are not giving up on the Metaverse even though Apple will make their job much harder. I don't buy the case that competition is good of Reality Labs awareness. Jordan Novet / @jordannovet : Meta has had $42 billion in losses on Reality Labs since 4Q20 https://www.cnbc.com/... [image] Forums: r/hardware : Meta's Reality Labs loses record $4.65 billion ahead of Apple's Vision Pro launch