Report Overview

Meta Q1 2022 results: An expensive gamble on the metaverse

Contents

Meta presented mixed results against low expectations

Reels is at the core of the company’s strategy

Meta spent $3.7 billion on its metaverse gamble in the quarter

Tables and Figures

Figure 1: Meta daily active users (m) and quarter-on-quarter change

Figure 2: Meta revenue and operating income/loss by segment, Q1 2022 ($bn)