Facebook Reality Labs lost $16.12 billion in 2023 on $1.896 billion of sales
Reality Labs continues to lose money as product development continues.
While Facebook (META) reported beats on its revenue and EPS expectations for Q4 2023, the social media juggernaut continues to lose money on Facebook Reality Labs and doesn’t expect that trend to change going forward.
During the entirety of 2023, Facebook Reality Labs lost $16.12 billion on $1.896 billion in sales. During Q4 2023, Reality Labs lost $4.646 billion, an increase from the $3.742 billion the company lost on Reality Labs during Q3 2023. The company stated in its earnings report that it expects these losses to continue.
For more information on Facebook’s Q4 2023 earnings, stick right here with Shacknews.
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replyBill Lavoy posted a new article, Facebook Reality Labs lost $16.12 billion in 2023 on $1.896 billion of sales
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Why can’t Meta take 1 billion and make a Alyx level vr game every year?
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Paying Carmack his millions in long term incentive comp
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They didn't fix the glitch.
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What's publicly known:
- it's a TON of R&D, a lot into future devices (AR glasses)
- RL has devices selling now (Quest, Ray Bans, etc) and doing quite well, but they're seen as entryways to the rest of the (more lucrative) ecosystem
It's sorta disingenuous to look at the numbers for RL alone, but that's what analysts do every time there's earning calls.
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I'd rather just wear glasses. I don't want to lose a $2,000 pair of contact lenses because it fell out of my eye.
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Reality Labs is AR and VR, presumably also including all their smart glasses research with AI too
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