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Meta's AR/VR Division Sees 30% Quarterly Revenue Growth "Driven By Quest Headset Sales"

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Meta's Reality Labs division's quarterly revenue grew 30% year-over-year in Q1 2024. Reality Labs is the division of Meta behind Quest headsets, the Ray-Ban Meta smart glasses, and research & development toward AR glasses and their neural wristband input device.

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How Many VR Headsets Did Meta Sell in Q3?

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As you may have heard, Meta announced Q3 earnings last week. Among other things, Meta Reality Labs’ (MRL) represented a $3.96 There, the message to investors is to stick with Meta while it builds, and cements a central position within, computing’s next era. Diving in, Reality Labs made $285 million in Q3, as noted.

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Data Dive: VR Finishes Q1 Strong

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In fact, signals tracked by our research arm, ARtillery Intelligence , indicate VR is on an upswing after declining a bit in the Covid era. And that demand was given a place to go when Oculus Quest 2 launched in late 2020. And that demand was given a place to go when Oculus Quest 2 launched in late 2020. March 2022. -

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Meta’s Quarterly AR/VR Revenue Now Growing Faster Than Costs

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Meta’s Reality Labs revenue grew 48% year-over-year in Q2 2022, while costs grew 19%. This is the first quarter since the company began breaking out Reality Labs revenue where quarterly revenue grew more than costs year-over-year. billion in Q1 2021. billion in Q1 2021. billion in Q1 2021.

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Did Meta Sell 5 Million Quest 2s Last Year?

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As you may have heard, Meta announced it’s Q4 and full-year 2021 earnings last week. Most impactful on Meta’s stock price and subsequent tech-press handwringing was negative user growth for the first time for its flagship property, Facebook. For the first time, Meta broke out MRL revenue. billion in 2021 as noted.

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Did Meta Sell 1.5 Million Quest 2s in Q1?

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As you may have heard, Meta announced Q1 earnings last week. Counterbalancing that positive news were widening losses in Meta Reality Labs’ (MRL), which houses AR, VR, and all-things metaverse. Specifically, it brought in $695 million in Q1 (mostly Quest 2 sales). million for Quest 2 sales.

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What’s Driving VR Market Growth?

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Like many analyst firms, market sizing is one of the ongoing practices of AR Insider’s research arm, ARtillery Intelligence. billion in 2021 to U.S. billion in 2021 to U.S. Meta will further escalate that mission, albeit to a lesser degree, with Quest Pro. Meta is already at 20 million in-market units.

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