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

Facebook parent Meta Platforms, Inc (NASDAQ: FB) is preparing cutbacks in its Reality Labs division to refocus on hardware products and the "metaverse," Reuters reports. Meta was not planning ...

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

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 ...

Facebook (META) shared its Q3 2022 earnings report today with mention of Reality Labs losing $3.67 billion during the quarter with future losses expected to grow year-over-year.

Recently, the Reality Labs division hit a milestone, which is more indicative of what kind of money pit it has become rather than terrific growth opportunity. Image source: Getty Images.

Meta has started slashing jobs as it restructures teams across Facebook, WhatsApp, Instagram and Reality Labs as part of Mark Zuckerberg 's 'year of efficiency'. The latest round of firings comes ...

Reality Labs' losses are worrisome, but Meta is just fine in spite of it. During the height of the pandemic tech stock bubble in late 2021, Facebook (also the parent of Instagram and WhatsApp ...

During its latest earnings call, Meta revealed that its Reality Labs division is losing close to $3 billion USD (roughly 3.8 billion CAD) each quarter. The division is in charge of producing the ...

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 operations in Durham, although Meta has been mum on the total number of employees in the region. In 2021, Meta acquired Durham optics firm Imagineoptix, bolstering its local presence.

Facebook parent company Meta Platforms Inc. will continue to devote about 20% of its overall costs and expenses to Reality Labs in 2023, despite questions about the business division focused on ...