Meta’s Reality Labs division’s quarterly revenue grew 30% year-over-year in Q1 2024.
Reality Labs is the division of Meta behind Quest headsets, the Ray-Ban Meta smart glasses, and research & development toward एआर चश्मा और उनके तंत्रिका रिस्टबैंड इनपुट डिवाइस।
In its Q1 2024 earnings call today Meta reported $440 million Reality Labs quarterly revenue, 30% higher than Q1 2023. Meta CFO Susan Li told investors this record revenue was “driven by Quest headset sales”. However, it’s also 36% lower than Q1 2022 and 18% lower than Q1 2021.
This suggests Quest 3 is continuing to sell well after its launch quarter, which saw Reality Labs’ highest quarterly revenue ever, though isn’t maintaining post-launch sales momentum as well as Quest 2 did (though it does have उच्च प्रतिधारण).
That’s almost certainly because Quest 3 launched with a $200 higher entry price. Even adjusted for inflation, that’s still $150 higher, putting it in a different price segment than Quest 2.
A leaked Meta hardware roadmap from last year and reports from The Wall Street Journal, Bloomberg, and a Chinese analyst who has been reliable in the past suggest Meta plans to soon launch a cheaper version of Quest 3 to directly replace Quest 2, rumored to be called “Quest 3S” or “Quest 3 Lite”. Meta’s recent actions suggest it’s trying to clear stock of Quest 2 and its official accessories to make way for this new lower priced headset.
This cheaper version of Quest 3 will be crucial for Reality Labs’ prospects of achieving overall yearly growth.
Reality Labs reported $4.29 billion costs in Q1 2024, a minuscule decrease of 1% compared to Q1 2023.
That means Reality Labs made a $3.85 quarterly “loss” in Q1 2024. But while describing this as a loss is technically correct in a financial sense, in reality it’s more accurate to describe most of it as long term investment. XR headsets like Quest are still a relatively early technology, far from maturity, and Meta hasn’t even launched its first AR glasses yet. से अधिक 50% रियलिटी लैब्स का खर्च एआर चश्मे के अनुसंधान और विकास पर है।
Also, Meta managed to decrease quarterly costs by 1% while increasing revenue by 30%, this suggests Reality Labs is slowly progressing on the path to profitability. It might also suggest Quest 3 is less subsidised than Quest 2 was.
As in previous quarters, Susan Li told investors she expects these losses to continue to increase meaningfully over the next year due to “ongoing product development efforts and our investments to further scale our ecosystem”.
मार्क जुकरबर्ग ने अतीत में निवेशकों से कहा था कि उन्हें उम्मीद नहीं है कि रियलिटी लैब्स 2030 तक लाभदायक होगी, इसे कंप्यूटिंग के भविष्य में दीर्घकालिक निवेश के रूप में देखते हैं।
- एसईओ संचालित सामग्री और पीआर वितरण। आज ही प्रवर्धित हो जाओ।
- प्लेटोडेटा.नेटवर्क वर्टिकल जेनरेटिव एआई। स्वयं को शक्तिवान बनाएं। यहां पहुंचें।
- प्लेटोआईस्ट्रीम। Web3 इंटेलिजेंस। ज्ञान प्रवर्धित। यहां पहुंचें।
- प्लेटोईएसजी. कार्बन, क्लीनटेक, ऊर्जा, पर्यावरण, सौर, कचरा प्रबंधन। यहां पहुंचें।
- प्लेटोहेल्थ। बायोटेक और क्लिनिकल परीक्षण इंटेलिजेंस। यहां पहुंचें।
- स्रोत: https://www.uploadvr.com/meta-reality-labs-quarterly-revenue-growth-q1-2024/
