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.

Reality Labs revenue rose 29% year over year to $270 million in the third quarter, below analysts' expectations of $310.4 million. Reality Labs primarily makes money through selling Meta's Quest ...

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

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 produced operating losses of $13.7 billion and $10.2 billion in 2022 and 2021, respectively. The net effect on operating margin for 2022 was nearly 12.5 percentage points.

Meta's hardware division Reality Labs is scaling back spending, a spokesperson confirmed to Reuters. Reality Labs has generated $6.2 billion in losses in the last two quarters.

Reality Labs Valuation. To determine a fair value for Facebook's XR division on a standalone basis, we'll deploy the L.A. Stevens Valuation Model. The model consists of, first, ...

Experts at Meta's Reality Labs say they've created a wrist-worn device that can translate electrical signals generated by ...

For Reality Labs, I am assuming that the AR/VR/MR market will grow from $100 billion in 2027 to $906 billion in 2034. I then assume certain market positions, ...

Meta's Reality Labs reports a $3.7 billion operating loss due to decreased Quest 2 VR headset sales, highlighting financial challenges.