The Reality Labs company, which Meta founder and CEO Mark Zuckerberg commented on in the 3rd quarter report, “Our losses may grow even more”, also shared the 4th quarter report of 2022. The company announced that it lost $4.3 billion in the last quarter. Reality Labs’ Q4 loss last year was $3.3 billion.
The total loss of the company in 2022 reached 13.7 billion dollars. Reality Labs, a sub-company of Meta that invests in VR and AR technologies, is one of the companies that Zuckerberg has the greatest expectations for the future. He said they put
Facebook and Instagram continue to carry
Despite losses in Reality Labs, Meta’s “Family of Apps” division posted revenue of $10.7 billion in the fourth quarter. This earnings of the company, which also includes Instagram and Facebook, was far behind 2021. In the fourth quarter of 2021, the “Family of Apps” total revenue was $15.9 billion.
Meta shares rose 20%
Meta, on the other hand, exceeded expectations and announced a revenue of $ 32.17 billion in the 4th quarter of 2022. Expectations were $31.5 billion. The company also announced a $40 billion share buyback program. Meta shares rose 20% after the announcement. The company bought $27.9 billion in shares last year.
Meta’s daily active users also exceeded expectations. While the expectations were 1.9 billion people, the official figure was 2 billion. The average earnings from a user were stated as 10.86 dollars. Here, the expected was $10.63.
Meta also lowered its total expense expectation for 2023, bringing it to the $89-95 billion range.
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