Andrew ‘Boz’ Bosworth, Vice President of Facebook Reality Labs, provided an update on Quest game and app revenue via Twitter, noting that over 60 titles had now surpassed $1 million in revenue.
Facebook doesn’t release statistics such as units sold for its headsets like the Oculus Quest, which can sometimes make growth hard to quantify. However, there are some other statistics that do help provide some context to the Quest’s increasing popularity, retention and growth in lieu of those other hard numbers. One of those is the number of Quest titles that have surpassed $1 million in revenue on the platform, which Facebook has provided some updates on.
Almost a year ago in March 2020, Facebook confirmed that 20 Oculus Quest titles had surpassed $1 million in revenue on the Quest platform. In September 2020, 6 months later, Facebook announced that the number of titles had grown to 35.
Today, just 4 months later, the number has almost doubled again — Bosworth announced on Twitter that over 60 Oculus Quest titles have surpassed $1 million in revenue on the Quest platform. That’s roughly 30% of all apps in the store.
The update comes on the same day as Facebook’s Q4 2020 earnings call with investors. Facebook CEO Mark Zuckerberg offered strong comments indicating that the Quest 2 is “on track to be the first mainstream virtual reality headset.” You can read more of his comments here.
The other main takeaway from the earnings call was that Facebooks’ ‘Other’ revenue more than doubled from $346 million in Q4 2019 to $885 million in Q4 2020. While the category does not solely consist of Quest hardware — it also includes other non-advertising revenue and hardware such as Portal devices – executives indicated that much of this growth was driven by strong Quest 2 holiday sales.
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