Meta Earnings Presentation Q2 2023
Segment Results
In Millions
Meta
Q2'21
Q3'21
Q4'21
Q1'22
Q2'22
Q3'22
Q4'22
Q1'23
Q2'23
Advertising
$ 28,580 $
28,276 $
32,639 $
26,998 $
28,152 $
27,237 $
31,254 $
28,101 $ 31,498
Other
192
176
155
215
218
192
184
205
225
Family of Apps
Revenue
28,772
28,452
32,794
27,213
28,370
27,429
31,438
28,306
31,723
Reality Labs Revenue
305
558
877
695
452
285
727
339
276
Total Revenue
$ 29,077 $
29,010 $
33,671 $
27,908 $
28,822 $
27,714 $
32,165 $
28,645 $
31,999
Family of Apps
Operating Income
$
14,799 $
13,054 $
15,889 $
11,484 $
11,164 $
9,336 $
10,678 $
11,219 $
13,131
Reality Labs
Operating (Loss)
(2,432)
(2,631)
(3,304)
(2,960)
(2,806)
(3,672)
(4,279)
(3,992)
(3,739)
Total Income from
$
12,367 $
Operations
10,423 $
12,585 $
8,524 $
8,358 $
5,664 $
6,399 $
7,227 $
9,392
Operating Margin
43 %
36%
37%
31%
29%
20%
20%
25 %
29%
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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