Analysts expect Reality Labs’ losses to continue to increase. “We expect Riality Labs’ costs to increase again in 2023,” Meta CEO Mark Zuckerberg said during an earnings call last October.
Reality Labs, the division responsible for the metaverse, posted a $3.7 billion loss during the third quarter of 2022, which is expected to rise to $4.4 billion in the fourth quarter.
Although Zuckerberg has been fairly transparent about the massive costs involved in investing in his dream to bring Meta into the Metaverse, once the company reports fourth-quarter 2022 earnings, it should sway many shareholders. Much continues to worry, with Meta having lost over $600 billion in value. as the company’s market value began to decline towards the end of 2021.
last month analytics company MoffettNathanson Led by analyst Michael Nathanson, Reality Labs has forecast a loss of $13 billion in 2022, better than average estimates.
Meta’s advertising revenue continues to hit tens of billions of dollars. Most of that comes from social media platforms, including Facebook and Instagram, where analysts estimate Meta will generate $113.1 billion in revenue. But because of Reality Labs’ losses, the company’s earnings are expected to drop by more than $16 billion in 2022.
In addition to the balance sheet Many would like to know what Zuckerberg had to say about sales of a new VR headset that debuted late last year, the Meta Quest Pro, which costs around $1,500. slightly down from the information of NPD Group
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