For the whole of 2022, Meta lost $13.7 billion in the division on revenues of $2.2 billion, up from a loss of $10.2 billion on revenues of $2.3 billion in 2021. The company has previously said it expects FRL’s operating losses in 2023 to grow “significantly” over 2022 as it invests in what it sees as a crucial part of its future.

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