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

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

By the time Facebook had fully integrated Oculus VR into its folds and rebranded it all as Facebook Reality Labs in 2020, the division was burning through cash—the popularity of the Oculus Quest ...

During the entirety of 2023, Facebook Reality Labs lost $16.12 billion on $1.896 billion in sales. During Q4 2023, Reality Labs lost $4.646 billion, an increase from the $3.742 billion the company ...

Since 2020, spending on Reality Labs — which includes the development of the company's virtual reality headsets and its lackluster "metaverse" experience — has grown steadily, with reported ...

"For Reality Labs, we continue to expect 2024 operating losses to increase meaningfully year-over-year due to our ongoing product development efforts and investments to further scale our ecosystem ...

Meta (META)’s Reality Labs is still bleeding cash. The division, which focuses on the company’s AR, VR, and metaverse initiatives, reported a loss of $4.48B in its Q2 earnings on Wednesday.

However, despite the proliferation of Meta's AI tools, the losses from Reality Labs are only growing, and the company expects them to continue to grow in 2025 as well. Apple dials back the Vision Pro ...

In June, Gregor will move to Seattle to become a camera system engineer for Facebook Reality Labs, working on the team that handles the cameras on the outside of the Oculus Quest 2 virtual reality ...

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

Reality Labs has reported cumulative losses of more than $60 billion since late 2020, including a loss of $3.85 billion in the first quarter of last year. In late 2021, Zuckerberg changed the name ...