While Meta Platforms has piled a lot of resources into the metaverse and its Reality Labs division, the payoff simply hasn't ...

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.

Meta laid off employees in Reality Labs amid restructuring efforts in hardware and VR. The layoffs affected Oculus Studios and Supernatural, Meta's VR gaming and fitness apps.

This would eventually lead to meta abandoning reality labs, which would no longer be a drain on earnings. The end result would be 10-15 years of R&D expense.

Meta reported a $4.2 billion loss in Reality Labs, totaling over $60 billion since 2020. Reality Labs faced layoffs and struggles with declining revenue and underperforming Quest sales.

Meta's Reality Labs was an almost insignificant portion of revenue in Q4 2022. Adding to the issues, Reality Labs is losing lots of money. Investors are thus cheering Mark Zuckerberg's new focus ...

The Q4 2024 loss posted by Reality Labs is the biggest yet since Meta began reporting Reality Labs as its own segment in Q4 2020. Since then, Meta has lost at least $2 billion a quarter, with ...

Meta’s Reality Labs is undergoing its biggest restructuring in years by separating into two orgs: Wearables and Metaverse. A small number of employees have been laid off as a result. Meta’s ...

Reality Labs is Meta’s long-term bet on the future of virtual and augmented reality (VR/AR), which lost $18 billion in 2024. Below is a look at the long-term potential of Meta’s Reality Labs ...

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, Meta's new division focusing on the metaverse, will continue to be a long-term investment and will be the ballast of long-term growth.

Meta reported third-quarter earnings on Wednesday, in which it said its Reality Labs unit, which develops augmented and virtual reality technologies, logged an operating loss of $4.4 billion.