In its first full year as a separate business, Meta's Reality Labs unit racked up costs, closing with a $13.7 billion operating loss in the fourth quarter.
said its Reality Labs division, home to the company's virtual reality technologies and projects, lost $4.28 billion in the fourth quarter, bringing its total operating loss for 2022 to $13.72 billion.
and said its future would be in the metaverse, a digital universe where people will work, shop, play and learn.Reality Labs generated $727 million in the fourth quarter, and $2.16 billion in revenue for all of 2022 Analysts were expecting Reality Labs to record an operating loss of $4.36 billion in the fourth quarter on revenue of $715.1 million, according to StreetAccount.s in the U.S. declined 2% in 2022 from the prior year as of early December, according to data shared with CNBC by research firm NPD Group.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Nearing $14 billion: Meta’s 2022 metaverse losses piling upAnalysts predict Meta's losses from investing heavily in metaverse division Reality Labs will near $14 billion when the company reports earnings for 2022 tomorrow.
Weiterlesen »
BAYC investors have less than a week to join class action against Yuga LabsGlobal law firm Rosen has invited BAYC and APE investors to join a new class action lawsuit against Yuga Labs, alleging that the firm violated securities laws.
Weiterlesen »
Cronos Labs to accept second cohort for $100M-backed Web3 accelerator programCronos Labs’ $100M accelerator program is focused on the DeFi, GameFi, SocialFi and infrastructure verticals, and will accept applications until March 24, 2023.
Weiterlesen »
Aptos Labs Issues Grant to Blockchain Lab at Cornell University.Aptos_Network has issued a $50,000 grant to a computer science lab at Cornell University that focuses on blockchain research. Reporting by oknightcrypto.
Weiterlesen »
A 'new' version of Meta's first-ever smartwatch is (allegedly) 'in development'Rumored to be in the works early last year and cancelled a little later, Meta's first Apple Watch alternative is reportedly back on the table, although there are no words on a possible launch timeline.
Weiterlesen »
Meta is testing members-only worlds for its social VR platformMake a world just for your community.
Weiterlesen »