When the company, now Meta Platforms Inc, reports fourth-quarter results on Wednesday, investors will get a new window into the financial impact of CEO Mark Zuckerberg's current passion.
Analysts said they would be keen to see indicators about the Reality Labs division's profitability, how long it might be a drag on the advertising side, and evidence around the strength of VR headset sales. The company has not released sales numbers for Quest headsets, but a July recall notice for the Quest 2's facial foam liners said it affected about 4 million units in the US. In a sign of strong sales for the headsets during the recent holiday period, its Oculus app hit the top spot on the U.S. App Store for free iPhone apps on Christmas Day.
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State of Meta’s business to become clearer on WednesdayAnalysts will be keen to see indicators about Reality Labs’s profitability, how long it might be a drag on the advertising side, and evidence about the strength of VR headset sales
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