The global technology industry experienced a 55% drop in company filings mentions of metaverse in Q3 2023 compared with the previous quarter, with the highest share accounted for by Meta Platforms with 224% year-on-year increase, according to GlobalData’s analysis of over 214 technology company filings. GlobalData’s Technology: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the technology industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
Notably, metaverse was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of individualism & expression and personalization, according to GlobalData.
Of the top leading companies in the technology industry, Meta Platforms had the greatest increase in references for metaverse in Q3 2023, compared with the previous quarter. GlobalData identified 107 metaverse-related sentences in the company's filings - 3% of all sentences - and an increase of 224% in Q3 2023 compared with Q3 2022. Nexon’s mentions of metaverse dropped by 16% to 26 and ROBLOX’s by 54% to 20 and NVIDIA’s by 55% to 17 and HCL Technologies’s by 1100% to 12.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for metaverse in Q3 2023 was 128.
For further understanding of GlobalData's Technology: Filings Trends & Signals Q3 2023, buy the report here.