Meta’s Reality Labs posts $4.2 billion loss in first quarter
10 Articles
10 Articles
Meta's Reality Labs is burning money. Recent layoffs may be the beginning of the end.
Meta's Horizon Worlds.ReutersMeta 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 could shift focus to AI and Ray-Ban smart glasses as metaverse projects lose traction.Meta reported $4.2 billion in losses from its Reality Labs division this quarter on Wednesday. Its total metaverse burn has now pushed past $60 b…
Meta's Reality Labs Has Now Lost Over $60 Billion Since 2020
Meta's Reality Labs posted a $4.2 billion operating loss in Q1 2025. According to CNBC, cumulative losses since 2020 now exceed $60 billion. From the report: Meta's Reality Labs unit is responsible for the company's Quest-branded virtual reality headsets and Ray-Ban Meta Smart Glasses. It's the key business unit that anchors CEO Mark Zuckerberg's plans to build a new computing platform involving digital worlds accessible via VR and augmented rea…
Zuck ghosts metaverse as Meta chases AI goldrush
Seriously, HTF does Reality Labs bleed SIXTY BILLION US DOLLARS in FIVE years? Meta's Reality Labs division continued its losing streak with another $4.2 billion down the drain in the first quarter of 2025. CEO Mark Zuckerberg's stated priorities on Wednesday's earnings call suggest his metaverse dream is well and truly over. . . .
Meta's Reality Labs Faces $4.2B Loss - PressReach
Meta Platforms Inc., the parent company of Facebook, has reported a significant loss for its Reality Labs division in the first quarter of 2025. The division, which focuses on augmented and virtual reality (AR/VR) technology, posted a $4.2 billion loss, underscoring the challenges Meta faces in its ambitious pursuit of the metaverse. Reality Labs, tasked with pioneering the next wave of computing through AR and VR, has been a major focus for Met…
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