Analysts predict Meta's losses from investing heavily in metaverse division Reality Labs will near $14 billion when the company reports earnings for 2022 tomorrow.
Meta reports earnings on Wednesday and analysts expect Reality Labs losses to continue their sharp increase.
in October. Meta reported the same day that its Reality Labs, the division tasked with fulfilling the CEO's metaverse dreams, had lost $3.7 billion during the third quarter of 2022. That's expected to jump to $4.4 billion for fourthZuckerberg’s desire to be a pivotal player in the yet-to-be-realized immersive digital world — envisioned as a mix of virtual, augmented and mixed reality — are expected to result in a full-year loss of $13.
y shareholders will continue to feel concerned. Meta has lost more than $600 billion in value since the company’s market capitalization began declining in late 2021. reholders,” according to a report published a little over a month ago by media analysis firm MoffettNathanson. Led by analyst Michael Nathanson, the firm has predicted Reality Labs would lose $13 billion in 2022, better than the average estimate.Meta’s advertising revenue — its largest cash generator — continues to pull in tens of billions of dollars thanks primarily to the social media platforms it operates, Facebook and Instagram. After posting $114.
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