Meta reports Reality Labs Q1 revenue of $402M, vs. $488.8M est., and a $4.03B operating loss, vs. $4.82B est.; Reality Labs has $80B+ in losses since late 2020
Jonathan Vanian /CNBC:
Meta reports Reality Labs Q1 revenue of $402M, vs. $488.8M est., and a $4.03B operating loss, vs. $4.82B est.; Reality Labs has $80B+ in losses since late 2020
Jonathan Vanian /CNBC:Forums:r/technologyForums:r/technology:Meta's Reality Labs lost over $4 billion in first quarter / The Reality Labs unit has now accumulated over $80 billion in total operating l...
Reality Labs has lost $80B+, but it still makes all of Meta's hardware, and reflects Mark Zuckerberg's wish to run a business without Google or Apple middlemen
Meta reports Reality Labs Q4 revenue of $955M, vs. $940.8M est., and a $6.02B operating loss, vs. $5.67B est.; Reality Labs now has $75B+ in losses since 2020
stock down ahead of Q4 results, AI spending biggest worry
Meta reports Reality Labs Q4 revenue of $955M vs. $940.8M est. and a $6.02B operating loss vs. $5.67B est.; Reality Labs now has $75B+ in losses since late 2020
stock down ahead of Q4 results, AI spending biggest worryAli Merchant /Investing.com:Meta Earnings Preview: Big AI Bets and Reality Labs Drag on OutlookForums:r/technology:Meta's Reality Labs posts $6...
Meta reports Reality Labs Q3 revenue of $470M, above $316M est., and a $4.4B operating loss, below $5.1B est.; Reality Labs has lost $70B+ since 2020
Jonathan Vanian / CNBC : X: @thetranscript_ , @counternotions , @contrariancurse , and @thetranscript_ Bluesky: @karlbode.com , @glinden , @robertchilver.com , @scriban , and @norbizness Forums: r/bu...
Meta's Reality Labs Q2: revenue up 5% YoY to $370M, vs. $381M est., and a $4.53B operating loss, vs. $4.99B est.; Reality Labs has lost nearly $70B since 2020
Analysis: Meta has invested $80B+ in AR and VR since 2014 when it bought Oculus, and is on track to top $100B in 2025; a source says it sold 1M Ray-Bans in 2024
Tech group reveals it put $19.9bn into its Reality Labs division, which develops its smart glasses and headsets, last year
In an internal memo, Andrew Bosworth says Meta's Reality Labs beat nearly all its sales and user targets for 2024, growing sales “>40% YoY overall”
He did NOT say Meta grew sales “>40% YoY” BTW. — He actually says “growing *RL sales* >40% YoY”. — I.E., VR/XR sales in stores. Which isn't impressive if (as likely) 2023 was slow for retail. … X...
Meta's Reality Labs posts Q3 revenue up 29% YoY to $270M, vs. $310.4M est., and a $4.4B operating loss, vs. $4.68B est.; Reality Labs has lost $58B+ since 2020
Jonathan Vanian / CNBC :