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 ...

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 ...

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 ...

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

Meta posted its third-quarter earnings report on Wednesday, which showed that Reality Labs lost $3.7 billion, the same amount as the previous quarter. Reality Labs is responsible for Meta's VR and ...

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.

Meta's Reality Labs unit brought in more than $1 billion in fourth-quarter sales but recorded an operating loss of $4.65 billion. The company's heavy spending on the metaverse comes as Apple jumps ...

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 ...

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.