Meta reported its second-quarter earnings on Wednesday and revealed that Reality Labs logged an operating loss of $4.53 ...

Meta’s newly published research gives us a glimpse at its future XR plans: it wants to make ultra-slim XR goggles.

Meta Platforms Inc., the parent company of Facebook and Instagram, continues to face financial challenges in its efforts to ...

In its Q2 2025 earnings report, Facebook reported that Reality Labs lost $4.5 billion during the quarter. This is compared to ...

Meta’s Reality Labs division has again reported massive losses, with the latest Q2 2025 figures revealing an operating loss of $4.53 billion alongside sales revenue of just $370 million. This result ...

Wall Street has questioned Zuckerberg's metaverse investment. Reality Labs has tallied an operating loss of more than $60 billion since 2020, as of Meta's fourth-quarter earnings report.

While Meta Platforms has piled a lot of resources into the metaverse and its Reality Labs division, the payoff simply hasn't been there, and it's questionable whether it ever will be.

In 2022, Reality Labs lost $13.7 billion, in 2023, it lost $16.1 billion and so far for the first nine months of 2024, Reality Labs has lost $12.8 billion, on revenue of $1 billion.

The job cuts may help Meta improve the financial performance of Reality Labs, which lost $4.96 billion on $1 billion in revenue during the last three months of 2024.

Reality Labs is Meta’s long-term bet on the future of virtual and augmented reality (VR/AR), which lost $18 billion in 2024.

Meta reported third-quarter earnings on Wednesday, in which it said its Reality Labs unit, which develops augmented and virtual reality technologies, logged an operating loss of $4.4 billion.

In Meta's first-quarter earnings report on Wednesday, the company said its Reality Labs unit recorded an operating loss of $4.2 billion while bringing in $412 million in sales.