The social media company reported its second-quarter earnings on Wednesday and revealed that Reality Labs logged an operating ...

Researchers at Meta Reality Labs and Stanford University have unveiled a new holographic display that could deliver virtual ...

Reality Labs, the Meta unit that develops technology for the metaverse, lost $21.3 billion since January 2022. Operating costs for the unit were also down $3.7 billion last quarter.

However, in the same year, Reality Labs had spent a little under $8 billion, giving the whole division an operating loss of $6,600,000,000. That figure was worse in 2021 ($10b loss), 2022 ($10.1b ...

Researchers at Meta Reality Labs have created a prototype VR headset with a custom-built accelerator chip specially designed to handle AI processing to make it possible to render the company’s ...

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.

Reality Labs cost Meta $2.9 billion in the first quarter of 2022 and $3.3 billion in the final quarter of 2021. Zuckerberg told investors in an April conference call that the company would "slow ...

Meta is masking its business's profitability by spending so much on Reality Labs. The company makes about $0.33 in free cash flow from every revenue dollar, which jumps to almost $0.49 if you go ...

For this valuation, we are anticipating that Reality Labs will generate $33.3 billion in revenue by 2031, which represents only a fraction of the future XR market, which will be worth over $900 ...

Facebook Reality Labs head Andrew “Boz” Bosworth called 2020 a “tremendous” year for VR, and in a blog post last week, he laid out plans to focus more on AR and Horizon in the coming year.

One source estimated there were 650 employees within the Reality Labs group and that 60% of them were being transferred (just under 400), but the Facebook representative Tera Randall disputed this ...

Reality Labs revenue rose 29% year over year to $270 million in the third quarter, below analysts' expectations of $310.4 million.