Cryptocurrency Analysis and News Portal
Meta Platforms (META) reported that it lost $10.2 billion in 2021 on its newly broken out Facebook Reality Labs (FRL) division, which comprises its augmented and virtual reality operations, in its fourth quarter earnings report.Meta announced in the third quarter that it would be breaking out results for the division
Read More
Overall, Meta reported adjusted Q4 earnings per share of $3.67, falling short of the consensus analyst estimate of $3.85, according to FactSet, while revenue of $33.7 billion was just ahead of the consensus estimate of $33.4 billion. Meta's guidance for first-quarter 2022 revenue also fell short, coming in at between
Read More
Starting in the fourth quarter, Facebook said it will have a new reporting structure with two reportable segments: Family of Apps (FoA), which includes Facebook, Instagram, Messenger, WhatsApp and other services; and Facebook Reality Labs (FRL), which includes augmented and virtual reality related consumer hardware software and content. Source
Read More