The recently released Q4 2024 earnings report for Meta (previously known as Facebook) contains more than just quarterly data; it also provides full-year financials. Among these details is the performance of its Reality Labs VR division, which indicates a significant expenditure over the past year. In fact, Reality Labs incurred a loss amounting to approximately $17.7 billion during this period.
This week, Meta disclosed its Q4 2024 earnings report on its investor relations site. In this announcement, the company revealed the breakdown of both its full-year revenue and expenses. For the period spanning 12 months, Meta Reality Labs contributed to a staggering loss of $17.7 billion. This figure represents an additional billion dollars in losses compared to Meta’s fiscal year 2023, which totalled $16.2 billion. In the last quarter of 2024 alone, Reality Labs recorded a loss of approximately $4.97 billion.
For quite some time now, Reality Labs, a division of Meta, has been consistently reporting losses each quarter. The amount of money invested in this sector by Meta has steadily increased. To illustrate, in Q4 of 2023, Meta announced a loss of $4.64 billion compared to the $4.97 billion from this year. This trend continues across subsequent quarters, despite the company as a whole typically outperforming on EPS and revenue in those very same periods.
Keeping an eye out, as we await additional information and news regarding Meta’s financial performance following a reported $17.7 billion loss in Reality Labs during its FY2024. We’ll be monitoring the situation closely for further updates on their earnings and those of other companies too.
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2025-01-30 01:57