Meta's VR division, Reality Labs, achieves record revenue of over $1 billion, thanks to the hit of Meta Quest 3
Meta has announced its financial results for the fourth quarter of 2023 (October to December) and the full year of 2023. Among them,
Meta - Q4 2023 Earnings Call
https://investor.fb.com/investor-events/event-details/2024/Q4-2023-Earnings-Call/default.aspx
Threads now reaches more than 130 million monthly users, says Meta, up 30M from Q3 | TechCrunch
https://techcrunch.com/2024/02/01/threads-now-reaches-more-130-million-monthly-users-says-meta-up-30m-from-q3/
Quest 3 Launch Drove Highest Ever Meta VR Revenue
https://www.uploadvr.com/meta-quest-3-launch-record-revenue-1-billion/
Meta's revenue in the fourth quarter of 2023 was $40,111 million (approximately 5,870 billion yen), an increase of 25% compared to the same period last year. Operating income was $16,384 million (approximately 2,400 billion yen), an increase of 156% compared to the same period last year, and net income was $14,017 million (approximately 2,500 billion yen), an increase of 201% compared to the same period last year. was. The large increase in operating income and net income was largely due to cost reductions resulting from large-scale layoffs.
In addition, full-year revenue was 134,902 million dollars (approximately 19,740 billion yen), an increase of 16% from the previous year, and operating income was 46,751 million dollars (approximately 6,840 billion yen), an increase of 62% from the previous year. , net profit was $39.098 billion (approximately 5.72 trillion yen), an increase of 69% from the previous year.
As of December 2023, the average daily active users (DAU) of services provided by Meta, such as Facebook, Instagram, Messenger, and WhatsApp, were 3.19 billion, an increase of 8% from the previous year, and the monthly active users (MAU) were 3.19 billion from the previous year. It was 3.98 billion people, an increase of 6% compared to the previous year. In particular, Facebook's DAU was on average 2.11 billion as of December 2023, an increase of 6% compared to the previous year. In addition, MAU is 3.07 billion as of December 31, 2023, an increase of 3% compared to the previous year.
In the fourth quarter of 2023, the number of ad impressions served on Meta services increased by 21% year over year, and the average price per ad increased by 2% year over year. In addition, looking at the whole year of 2023, the number of ad impressions will increase by 28% compared to the previous year, but the average price per advertisement will decrease by 9% compared to the previous year.
In addition, Meta CEO Mark Zuckerberg said about Threads, a decentralized SNS that began operation in July 2023, ``It has been steadily growing, and the number of active users is now higher than at its peak immediately after release. So this looks like it's on track to be a huge success.' Meta does not disclose the number of Threads users, but
Furthermore, CEO Zuckerberg reported that Reality Labs' revenue in the fourth quarter of 2023 reached a record high of $1.07 billion (approximately 156.5 billion yen). 'This record revenue was driven by sales of
However, while Reality Labs generates more than $1 billion in revenue, its costs are recorded at $5.72 billion (approximately 837 billion yen). As a result, an operating loss of $4.65 billion (approximately 680 billion yen) was incurred. Lee expects operating losses to further increase over the next year due to 'continued product development efforts in AR and VR and investments to further expand the ecosystem.'
UploadVR, a VR-related news site, says, ``While it may be correct in an economic sense to describe this $4.65 billion as a 'loss,' it is actually more accurate to describe it as a long-term investment. AR/VR headsets like these are still relatively nascent technology and far from mature, and more than 50% of Reality Labs' spending is spent on research and development of AR glasses, which have not yet been released. 'We believe that the large deficit is due to the fact that it is an R&D division.'
In addition, during the 2023 Q4 earnings announcement, Meta announced that it would pay a quarterly dividend of 50 cents per share for the first time and approved the expansion of a $50 billion (approximately 7.32 trillion yen) stock repurchase program. It makes it clear that. Dividends are expected to be paid to all shareholders of record as of February 22, 2024.
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in Web Service, Hardware, Posted by log1i_yk