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flag Meta's Reality Labs Reports Record Loss Despite High Revenue Surge in Q4 2023.

flag Meta's Reality Labs division reported a record-breaking operating loss of $4.65 billion for the last quarter of 2023, despite a revenue surge of nearly $1.1 billion. flag This marks the highest loss the division has faced since Q4 of 2020. flag Despite the loss, Meta's overall annual revenue for 2023 reached $134.9 billion, a 16% increase compared to the previous year. flag The significant late-year revenue boost can be attributed to the successful release of Meta Quest 3. flag Meta's continued investment in AI technology and the metaverse is expected to contribute to further losses in the coming year, but the company plans to pay its first-ever dividend of 50 cents per share on March 26th, with intentions to continue with quarterly dividends.

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