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.

Ahead of an upcoming technical conference, researchers from Meat’s Reality Labs Research group published details on their work toward creating ultra-wide field-of-view VR & MR headsets that use novel ...

Meta Platforms' losses on its Reality Labs division have continually risen over the years. Now, the company is also spending heavily on artificial intelligence. Meta Platforms (NASDAQ: META) has ...

It was announced recently that Meta is partnering with military tech company Anduril to bring XR technology to the ...

Key Points Meta Platforms has recently created a new Meta Superintelligence Labs division to focus on AI.It's been spending ...

When subtracting Reality Labs, Meta's operating profit margin increases from 19.9% (decent) to 34% (highly lucrative). Meta Financial Metric Total Meta Business ...

While Meta Platforms has piled a lot of resources into the metaverse and its Reality Labs division, the payoff simply hasn't been there, and it's questionable whether it ever will be.

D espite producing one of the best VR headsets around, the Quest 3, Meta's Reality Labs division just isn't making any money.Nearly $2 billion of revenue in 2023 was completely swallowed by $18 ...

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.

This story was originally published on Social Media Today. To receive daily news and insights, subscribe to our free daily Social Media Today newsletter. While many remain unconvinced about Meta ...

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 ...

Flash forward to today and Meta's investments in Reality Labs will approach $100 billion by the end of 2025. Instead of Zuckerberg's previous vision of a fully immersive Metaverse, ...