Financial Metrics and Free Cash Flow Analysis
Segment Results
In Millions
Advertising
ā Meta
Q4'20
Q1'21
Q2'21
Q3'21
Q4'21
Q1'22
Q2'22
Q3'22
$ 27,187
$ 25,439
$ 28,580
$ 28,276
$ 32,639
$ 26,998
$ 28,152
$ 27,237
Other
168
198
192
176
155
215
218
192
Family of Apps Revenue
27,355
25,637
28,772
28,452
32,794
27,213
28,370
27,429
Reality Labs Revenue
717
534
305
558
877
695
452
285
Total Revenue
$ 28,072
$ 26,171
$ 29,077
$ 29,010
$ 33,671
$ 27,908
$ 28,822
$ 27,714
Family of Apps Operating Income
$ 14,874
$ 13,205
$ 14,799
$ 13,054
$ 15,889
$ 11,484
$ 11,164
$ 9,336
Reality Labs Operating (Loss)
(2,099)
(1,827)
(2,432)
(2,631)
(3,304)
(2,960)
(2,806)
(3,672)
Total Income from Operations
$ 12,775
$ 11,378
$ 12,367
$ 10,423
$ 12,585
$ 8,524
$ 8,358
$ 5,664
Operating Margin
46%
43%
43%
36%
37%
31%
29%
20%
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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