Social media conglomerate Meta (META) reported an annual loss of $13.7 billion from its metaverse investments in its financial reports for the fourth quarter of 2022.
Meta has announced its financial reports for the fourth quarter of 2022. The company’s metaverse investments in the third quarter $3.7 billion in the last quarter after the loss 4.3 billion dollars lost. In the light of the latest reports, the Reality Labs division, which operates within the scope of metaverse and augmented reality, continues throughout the year. $13.7 billion it has damaged.
Analysts’ loss expectation at this point at $13.8 billion closed the year with a loss below this expectation. Reality Labs again Loss of 10.2 billion dollars announced in 2021 did more damage than
While this loss, which was realized below expectations, was reflected positively on META shares, after the reports were announced, 5%A rise was observed. However, in terms of the number of Meta active users, a 2 billion milestone Meta shares rose close to 5% after the reports.
a long term investment
Company founder and chief executive officer Mark Zuckerberg In a statement during earnings reports, he said he expects the Reality Labs ecosystem to grow significantly over the next few years.
In the future, Reality Labs will also 10 billion dollars Stating that it could cause a lot of damage, Zuckerberg said that he was not worried about the potential damage and added that he was more involved in this project. long-term stressed the need to approach VR He stated that as technology develops, most people will experience the metaverse first on their phones and then start to create their digital identities on apps.