Meta Reports Loss of $10.2B on Augmented/Virtual Reality Operations in 2021

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 con...

Meta Reports a Loss of $10.2B on Augmented/Virtual Reality Operations in 2021

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 fou...