Meta reports better-than-expected results for Q1 but metaverse continues to lose billions

clock • 3 min read
Meta reports better-than-expected results for Q1 but metaverse continues to lose billions
Image:

Meta reports better-than-expected results for Q1 but metaverse continues to lose billions

Zuckerberg says Meta has no intention of shifting its focus away from metaverse

Meta Platforms has announced its financial results for Q1 2023, reporting an increase in sales revenue, although Meta Reality Labs, which is responsible for developing advanced virtual and augmente...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Asian Tech Roundup: Pressure grows in US-China trade war

Security

Plus: Google 'accidentally' deletes pension fund's cloud account

clock 17 May 2024 • 4 min read
EU investigating Meta over failure to protect children from 'addictive' algorithms

Legislation and Regulation

Suspects Facebook and Instagram leading minors down 'rabbit hole'

clock 16 May 2024 • 1 min read
EU opens disinformation probe against Meta as elections loom

Compliance

Comes as Meta closes key disinformation tracking tool

clock 01 May 2024 • 2 min read

More on Finance and Reporting

Apple revenues fall - but not by as much as expected

Apple revenues fall - but not by as much as expected

Investors cheered by better-than-expected results and stock buyback

John Leonard
clock 03 May 2024 • 2 min read
Microsoft, Google and Snap report strong quarterly results, IBM and Intel less so

Microsoft, Google and Snap report strong quarterly results, IBM and Intel less so

Microsoft and Google see AI investments bearing fruit

John Leonard
clock 26 April 2024 • 4 min read
Capita reports £107mn annual losses, blames cyberattack

Capita reports £107mn annual losses, blames cyberattack

Capita's share price plummeted 54% since the attack

clock 08 March 2024 • 2 min read