Meta Earnings Presentation Q3 2023
Segment Results
In Millions
Meta
Q3'21
Q4'21
Q1'22
Q2'22
Q3'22
Q4'22
Q1'23
Q2'23
Q3'23
Advertising
$ 28,276 $
32,639 $
26,998 $
28,152 $
27,237 $ 31,254 $
28,101 $
31,498 $ 33,643
Other
176
155
215
218
192
184
205
225
293
Family of Apps
28,452
32,794
Revenue
27,213
28,370
27,429
31,438
28,306
31,723
33,936
Reality Labs Revenue
558
877
695
452
285
727
339
276
210
Total Revenue
$ 29,010 $
33,671 $
27,908 $
28,822 $
27,714 $
32,165 $ 28,645 $
31,999 $
34,146
Family of Apps
Operating Income
$
13,054 $
15,889 $
11,484 $
11,164 $
9,336 $
10,678 $
11,219 $
13,131 $
17,490
Reality Labs
Operating (Loss)
(2,631)
(3,304)
(2,960)
(2,806)
(3,672)
(4,279)
(3,992)
(3,739)
(3,742)
Total Income from
$
10,423 $
Operations
12,585 $
8,524 $
8,358 $
5,664 $
6,399 $
7,227 $
9,392 $
13,748
Operating Margin
36%
37%
31%
29%
20%
20%
25%
29%
40%
Beginning in the fourth quarter of 2021, we report our financial results based on two reportable segments: Family of Apps (FOA) and Reality Labs (RL). FoA includes Facebook, Instagram, Messenger, WhatsApp, and other services. RL includes augmented and
virtual reality related consumer hardware, software, and content. For comparative purposes, amounts in prior periods have been recast.
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