Meta’s Reality Labs unit recorded an operating loss of $4.97 billion while generating $1.1 billion in sales during the fourth ...
Meta CTO Andrew Bosworth internally announced a reorg of Reality Labs on Monday.
The Reality Labs division put up losses of $4.97 billion in Q4 2024 alone.
In its quarterly financial results today, Meta revealed that its Reality Lab division saw its best ever Q4 revenue but, as ...
In an internal memo, Meta Chief Technology Officer Andrew Bosworth said the company’s Reality Labs beat nearly all its sales and user targets ...
Meta's chief technology officer, Andrew Bosworth, told employees in an internal post that the company was seeing "massive sales growth in wearables." ...
Reality Labs, the research arm of social media giant Meta Platforms, bled even more billions over the last quarter, but Meta ...
Meta said earnings per share were up annually by 50% to $8.02, versus Wall Street’s consensus estimate of $6.76.
Meta Platforms posted robust earnings, surpassing expectations due to gains in AI-driven advertising, despite challenges with Reality Labs.
Meta’s strong ad revenue is overshadowed by Reality Labs’ $5B losses. Learn why META stock’s high valuation and AI capital infusion may not justify its price.
Meta's Reality Labs division has lost the company more than $60 billion since 2020 as investors and analysts question whether ...
The company just shared its latest report for the Reality Labs division which includes AR and VR. This is where it was proven ...