Facebook’s Non-Advertising Revenue Growth ‘Driven By Sales Of Oculus Quest’

During Facebook Q4 2019 earnings call, CFO David Wehner revealed that ‘Other’ revenue growth from Q4 2018 was driven by the company’s room scale standalone VR headset, Oculus Quest.
“Other revenue was $346 million, up 26%. Year-over-year growth was driven by sales of Oculus Quest. “Additionally, CEO Mark Zuckerberg stated that Quest sales “are stronger than we expected” — a statement he has not made about any other Oculus headset. It’s important to note that “Other” is the smallest section of Facebook’s revenue. The company’s main business is still targeted advertising, which brought in over 98 percent of revenue. Facebook did not give specific sales numbers for its consumer VR hardware products, and it has never done so. A year ago, during the Q4 2018 earnings call, Wehner stated that Oculus Go, the company’s previous standalone headset, “contributed” to growth in that quarter. Go is a low end headset which can only track your head’s rotation, not position.