Author: Adi Robertson
Photo by Amelia Holowaty Krales / The Verge
Despite pandemic-related hardware shortages, Facebook’s virtual reality business exploded at the start of 2020. The company revealed yesterday that it made $297 million in non-advertising revenue during the first quarter of 2020. That was “driven largely by sales of Oculus products,” rather than other products like Portal.
The number is a full 80 percent higher than Facebook’s non-ad revenue in 2019’s first quarter, suggesting that the niche VR industry could be on the rise. But it also reflects a short window of incredible demand, which makes these staggering numbers a little harder to interpret.
Non-ad revenue grew 80 percent compared to the start of 2019
Facebook’s Oculus Quest was one of the first VR devices that was both...
Continue reading…
Continue reading...
Despite pandemic-related hardware shortages, Facebook’s virtual reality business exploded at the start of 2020. The company revealed yesterday that it made $297 million in non-advertising revenue during the first quarter of 2020. That was “driven largely by sales of Oculus products,” rather than other products like Portal.
The number is a full 80 percent higher than Facebook’s non-ad revenue in 2019’s first quarter, suggesting that the niche VR industry could be on the rise. But it also reflects a short window of incredible demand, which makes these staggering numbers a little harder to interpret.
Non-ad revenue grew 80 percent compared to the start of 2019
Facebook’s Oculus Quest was one of the first VR devices that was both...
Continue reading…
Continue reading...