• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, July 11, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Markets

Facebook reports revenue miss, plans to break out AR/VR top lines

by Prattay Mazumdar
October 27, 2021
in Markets
Reading Time: 2 mins read
0
Facebook, Instagram, WhatsApp

Source: The Nerd Stash

TwitterWhatsappLinkedin
Facebook global outage
Source:
DNA India

U.S. informal communication monster Facebook detailed today Q3 monetary outcomes after the ringer. It announced $29.0 billion in complete income and profit per portion of $3.22, determined on a weakened premise. Financial backers had anticipated that the company should report incomes of $29.58 billion, per information gathered by Yahoo Finance, and profit per portion of $3.19.

You might also like

Microsoft Outlook Outage Disrupts Millions of Users Globally

YouTube to Update Monetization Rules, Targeting AI-Generated and Repetitive Content

NASA Faces Major Brain Drain as Over 2,000 Senior Staff Prepare to Depart Amid Budget Cuts

Portions of Facebook are up unassumingly in late-night exchanging, demonstrating that the road isn’t stunned that it came in somewhat light on top-line.

That absence of shock might be because of the way that Facebook’s report comes in the wake of Snap’s condensation, which dropped the week before. Snap shares fell after the organization demonstrated that it expected an undeniably more unobtrusive Q4 than the market had, faulting Apple and production network burdens for its income development inconveniences.

In its letter to financial backers, Facebook gave direction to the final quarter of 2021, including incomes that will land between $31.5 billion and $34 billion. The market expects $34.89 billion, above what Facebook flagged.

Their viewpoint mirrors the critical vulnerability that they face in the final quarter considering proceeded with headwinds from Apple’s iOS 14 changes, and macroeconomic and COVID-related components. Furthermore, they anticipated that non-ads revenue should be down year-over-year in the final quarter as they have lapped the solid dispatch of Quest 2 during last year’s vacation shopping season.

Changes to how Apple’s versatile working handles protection and the connected downstream impacts, alongside issues originating from COVID, were expected.

Facebook likewise announced in its financial backer review that it will “break out Facebook Reality Labs, or FRL, as a different detailing portion.” Citing that it consumed “critical assets toward our expanded and augmented reality items and administrations,” the organization feels that the time has come to have a second income class.

Beginning next quarter, Facebook will have two fragments. The main, its “Group of Apps” gathering, will highlight results from “Facebook, Instagram, Messenger, WhatsApp, and different administrations.” conversely, FRL will incorporate “expanded and augmented reality related customer equipment, programming, and content.”

Tags: apple privacyF&Bfacebookfacebook ar vr
Tweet54SendShare15
Previous Post

Will Tesla resuming Bitcoin payments spark another rally?

Next Post

Robinhood shares slope down as crypto trading revenue declines

Prattay Mazumdar

Prattay is a Journalism and mass communication student. He is a deadline-oriented journalist with a passion for telling unique stories. Prattay is currently working as an intern at Techstory and can be reached at [email protected] .

Recommended For You

Microsoft Outlook Outage Disrupts Millions of Users Globally

by Harikrishnan A
July 10, 2025
0
Microsoft Outlook Outage Disrupts Millions of Users Globally

On Wednesday morning, millions of users across the globe found themselves unable to access their Microsoft Outlook accounts, triggering widespread disruption just as the workday was beginning. Whether...

Read more

YouTube to Update Monetization Rules, Targeting AI-Generated and Repetitive Content

by Harikrishnan A
July 10, 2025
0
YouTube Experimenting with Ads that Play while Video is Paused

YouTube is rolling out an update to its monetization rules under the YouTube Partner Program (YPP) to target "inauthentic" content, a category that includes mass-produced and repetitive videos....

Read more

NASA Faces Major Brain Drain as Over 2,000 Senior Staff Prepare to Depart Amid Budget Cuts

by Harikrishnan A
July 10, 2025
0
NASA Faces Major Brain Drain as Over 2,000 Senior Staff Prepare to Depart Amid Budget Cuts

NASA is preparing for a significant workforce shift, with more than 2,000 senior-level employees set to leave the agency through a voluntary resignation initiative. The development comes as...

Read more
Next Post
Robinhood

Robinhood shares slope down as crypto trading revenue declines

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?