Meta’s Reality Labs posts $4.5 billion loss in second quarter

Meta Q2 Sales Jump 22% in Wall Street Beat as Its AR/VR and Metaverse Business Loses Billions

Meta's social-media empire kept minting digital-ad dollars in Q2 2024 -- while its Reality Labs business continued to rack up bigger losses.

Meta’s Reality Labs posts $4.5 billion loss in second quarter

Meta's virtual reality and augmented reality focused Reality Labs unit recorded an operating loss of $4.48 billion in the second quarter.

Meta to report quarterly earnings today after market close

Ronny Hartmann/GettyMeta reports second-quarter earnings on Wednesday.Investors will be watching closely for signs that big AI spending is paying off.Meta's stock is up more than 30% in 2024.Meta will report second-quarter earnings on Wednesday after the closing bell.While Meta has built up its AI capabilities in a big way, having stockpiled about 600,000 H100 GPUs from Nvidia, its main driver of earnings remains its product platforms including …

Meta's Reality Labs posts $4.5 billion loss in second quarter

Meta’s virtual reality and augmented reality focused Reality Labs unit recorded an operating loss of $4.48 billion in the second quarter.

Meta Earnings Deliver: Stock Jumps As Profits Soar 73%

The Facebook parent company beat Wall Street estimates for quarterly profits and sales on the back of $38 billion in advertising revenue.

Customers Bancorp Reports Strong Second Quarter Earnings

WEST READING, PA — Customers Bancorp, Inc. (NYSE: CUBI) has announced its financial results for the second quarter of 2024, showcasing robust performance and strategic growth. The company reported a net income of $54.3 million, or $1.66 per diluted share. Return on average assets (ROAA) stood at 1.11%, while return on common equity (ROCE) was 13.85%. Core earnings amounted to $48.6 million, or $1.49 per diluted share, with a core ROAA of 1.00% a…