Overall, 96% of Meta's revenue comes directly from its ad business, although some departments are starting to contribute to the company’s monetary intake. Reality Labs, in particular ...

In an internal memo, Meta Chief Technology Officer Andrew Bosworth said the company’s Reality Labs beat nearly all its sales and user targets for 2024, growing sales “more than 40% year over ...

Reality Labs, the research arm of social media giant Meta Platforms, bled even more billions over the last quarter, but Meta boss Mark Zuckerberg says 2025 is the year for the metaverse.

Meta’s aggressive foray into virtual and augmented reality continues to be expensive, with its Reality Labs division posting a $4.97 billion operating loss in the fourth quarter, narrowly improving on ...

Meta's Reality Labs division continues to bleed billions of dollars — crossing $60 billion in losses since 2020. "This is also going to be a pivotal year for the metaverse," Meta CEO Mark ...

Meta's Reality Labs unit recorded an operating loss of $ ... his company's virtual reality endeavors in 2014 when it acquired Oculus for $2 billion. Meta continues to lose billions of dollars ...