MENLO PARK, Calif.,
Jan. 24, 2022 /PRNewswire/
-- Following Meta Platforms, Inc. (NASDAQ: FB) October 2021 announcement that we would implement
a new financial reporting structure, we are sharing additional
information about the reporting format of our segmented
financials.
Beginning with the fourth quarter 2021 earnings results on
February 2, 2022, Meta will report
revenue and income (loss) from operations for the following two
segments:
- Family of Apps (FoA)
includes Facebook, Instagram, Messenger, WhatsApp and other
services.
-
- We will continue to report total advertising revenue and
advertising revenue by user geography using our legacy
methodology.
- We will also report other revenue, which consists of net fees
we receive from developers using our payments infrastructure and
revenue from various other sources, within the Family of Apps
segment.
- Reality Labs (RL) includes augmented and virtual reality
related consumer hardware, software and content.
In addition to reporting segment financials for the fourth
quarter of 2021, we will provide historical segment information for
all quarters of 2021, the fourth quarter of 2020, and full years
2019, 2020 and 2021.
A visual presentation of results is reflected below:
|
Period
|
Revenue:
|
|
Advertising
|
|
Other
revenue
|
|
Family of
Apps
|
|
Reality
Labs
|
|
Total revenue
|
|
|
|
Income (loss) from
operations:
|
|
Family of
Apps
|
|
Reality
Labs
|
|
Total income from
operations
|
|
Meta's fourth quarter and full year 2021 financial results will
be released after market close on Wednesday,
February 2, 2022. Meta will host a conference call to
discuss its results at 2 p.m. PT /
5 p.m. ET the same day. The live
webcast of the call can be accessed at the Meta Investor Relations
website at investor.fb.com, along with the company's earnings press
release, financial tables, and slide presentation.
Following the call, a replay will be available at the same
website. A telephonic replay will be available for one week
following the conference call at 402.977.9140 or 800.633.8284,
Conference ID: 22013689.
Transcripts of conference calls with publishing equity research
analysts held on February 2, 2022
will also be posted to the investor.fb.com website.
Disclosure Information
Meta uses the investor.fb.com
and about.fb.com/news/ websites as well as Mark Zuckerberg's Facebook Page
(facebook.com/zuck) and Instagram account (instagram.com/zuck) as
means of disclosing material non-public information and for
complying with its disclosure obligations under Regulation FD.
About Meta
Meta builds technologies that help people
connect, find communities, and grow businesses. When Facebook
launched in 2004, it changed the way people connect. Apps like
Messenger, Instagram and WhatsApp further empowered billions around
the world. Now, Meta is moving beyond 2D screens toward immersive
experiences like augmented and virtual reality to help build the
next evolution in social technology.
Contacts:
Investors:
Deborah Crawford
investor@fb.com / investor.fb.com
Press:
Ryan Moore
press@fb.com / about.fb.com/news/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/meta-provides-additional-details-on-new-segment-reporting-301466856.html
SOURCE Meta