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Android Central
Android Central
Technology
Michael L Hicks

Meta Q4 2023 earnings report shows record-breaking Quest 3 sales, ad profits

Meta Reality Labs Mark Zuckerberg Susan Li
The Meta sign at the company campus at 1 Hacker Way.

What you need to know

  • Meta's final Q4 2023 earnings report showed $40.1 billion in revenue and a 41% operating margin.
  • Reality Labs invested about $5.6 billion in R&D, but earned $1.07 billion back in Quest 2 and Quest 3 sales. 
  • Meta's primary focus continues to be AI, with plans for Llama 3 and improving the Meta AI assistant. 
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