- Meta’s CFO, Susan Li, announced during an earnings call that they anticipate increased losses for the company’s mixed-reality division, Reality Labs.
- Despite achieving one of its highest quarterly revenue results, Reality Labs recorded an operating loss exceeding $4.6 billion for the last quarter.
- Reality Labs’ Q4 2021 losses amounted to $4.65 billion, while revenue reached nearly $1.1 billion.
Reality Labs Facing Increased Losses
During an earnings call, Meta’s CFO, Susan Li, acknowledged that they foresee a significant increase in losses for their mixed-reality division, Reality Labs. This announcement comes despite the division achieving impressive quarterly revenue results. In the last quarter, Reality Labs reported an operating loss surpassing $4.6 billion.
High Revenue, Substantial Losses
The financial results for Meta’s Reality Labs division in Q4 2021 reveal a staggering loss of $4.65 billion. Surprisingly, during the same period, the division posted one of its highest ever revenue figures, totaling nearly $1.1 billion.
Continued Financial Struggles
This past quarter’s operating loss is the largest to date for Reality Labs since Meta began incorporating the division’s financials into its reporting in Q4 2020. The increased losses pose a challenge for Meta’s mixed-reality division to address moving forward.
The significant operating losses experienced by Meta’s Reality Labs division highlight the ongoing financial struggles it faces. Despite achieving substantial revenue, the division continues to operate at a significant loss. Meta will need to carefully assess and address the factors contributing to these losses to ensure the long-term viability and success of their mixed-reality ventures.