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Meta reported its second-quarter earnings on Wednesday and revealed that Reality Labs logged an operating loss of $4.53 ...
Meta Reality Labs just showed their new VR headset prototype called Tiramisu which offers stunning realism with 90 PPD, ultra ...
Meta's "Tiramisu" headset protype is apparently the closest it's come to mimicking real human vision — but it's also way too ...
Meta’s newly published research gives us a glimpse at its future XR plans: it wants to make ultra-slim XR goggles.
As Meta Platforms shifts focus and rides a bullish trend, investors should formulate a strategy for all likely outcomes. 24/7 ...
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 ...
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.
Reality Labs is Meta’s long-term bet on the future of virtual and augmented reality (VR/AR), which lost $18 billion in 2024.
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.
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.
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