Year | Revenues | Net Profits |
2021 | $117.9B | $39.37B |
2022 | $116.6B | $23.2B |
Facebook (Meta) revenues slowed down in 2022, while its profitability as widely decreased due to increased costs and mounting net losses of the Reality Lab’s segment, devoted to developing the Metaverse through VR.
For now, that segment generates little revenue while costing Meta billions of dollars each quarter.
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