US EditionMeta Reality Labs Posts Worst Quarter Ever: Losses Hit $6 Billion, Pushing Total to $80 Billion
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4 Articles
Meta Reality Labs posts worst quarter ever: losses hit $6 billion, pushing total to $80 billion
Reality Labs' $6.02 billion operating loss was even worse than the $5.67 billion analysts had been expecting. The segment managed to record $955 million in sales, which was at least better than the $940.8 million that had been predicted.Read Entire Article
Meta’s Reality Labs posts $6.02 billion loss in fourth quarter.
Meta's Reality Labs Is Still Losing A Lot Of Money
Facebook parent company Meta has released its latest earnings report, and while the company made many billions of dollars in profit, not every business unit at the technology giant is profitable.The company's Reality Labs division--which comprises virtual and augmented reality consumer hardware, software, and content--continued to be a sore spot for Meta. For the quarter that ended on December 31, Reality Labs recorded revenue of $955 million, d…
At Meta, the metaverse has become, quarter after quarter, a structuring accounting data, with a cumulative operating losses that is now approaching the $80 billion. Reality Labs' fourth quarter results offer a new illustration, with an operating loss of $6.02 billion for 955 million dollars of ... The META article: Reality Labs' astronomical losses are all but virtual appeared first on FW.MEDIA.
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