Meta Reports Loss of $10.2B on Augmented/Virtual Reality Operations in 2021

Overall, Meta reported adjusted Q4 earnings per share of $3.67, falling short of consensus analyst estimates of $3.85, according to FactSet, and revenues of $33.7 billion, just ahead of estimates of $33.4 billion. Meta’s guidance for first quarter 2022 revenue also fell short of estimates, coming in at between $27 billion to $29 billion, compared to analysts’ expectations of $30.2 billion.