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

Meta earned nearly $10 billion more in quarterly income than in 2022, with $40 billion in total revenue.

The Meta Q4 2024 earnings report allowed CEO Mark Zuckerberg to focus on his company's positives, after having to apologize at Congress the previous day for the negative impacts of social media on the mental health of teenagers. (Image credit: Nicholas Sutrich / Android Central)On the Reality Labs front, Meta spent $4.65 billion dollars, its highest operating loss on record. Despite this, CFO Susan Li confirmed that Reality Labs' operating losses will "increase meaningfully year-over-year due to our ongoing product development efforts in AR & VR."

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