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Facebook Parent Meta’s Metaverse Division Lost $13.7B in 2022

Altszn.com by Altszn.com
February 2, 2023
in Metaverse, Web3
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Facebook Parent Meta’s Metaverse Division Lost $13.7B in 2022
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For the company as a whole, Meta reported adjusted quarterly earnings per share for the fourth quarter of $1.76, missing the analyst consensus estimate of $2.26, according to FactSet, while Meta’s overall revenue of $32.2 billion beat estimates of $31.6 billion. It guided for first-quarter revenue of between $26 billion to $28.5 billion, which at its midpoint of $27.25 billion was slightly ahead of the consensus estimate of $27.2 billion. Facebook’s daily active users also hit 2 billion for the first time in the quarter.



Read More: www.coindesk.com

Tags: 13.7BDivisionFacebooklostMetasMetaverseparent
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