The latest quarterly earnings report for the Meta company (formerly known as Facebook) has come out ... That included the details on its Reality Labs VR division and how much money it has spent ...

Meta is shaking up Reality Labs and integrating it more closely with its core business. Chief technology officer Andrew Bosworth announced a series of reorgs in a post on Meta's internal forum ...

Reality Labs, the research arm of social media giant Meta Platforms, bled even more billions over the last quarter, but Meta boss Mark Zuckerberg says 2025 is the year for the metaverse.

But revenue is only half of the story, as Reality Labs’ growth in costs have far exceeded its growth in revenue. In Q4 2024, the division cost the company $6.05 billion to run.

Meta's Reality Labs beat nearly all its sales and user targets for 2024, Business Insider has learned. The company's chief technology officer, Andrew Bosworth, announced Reality Labs grew 2024 ...

Reality Labs is the unit responsible for the Meta Quest headset and the Ray-Ban Meta Smart Glasses collaboration. Facebook acquired Oculus in 2014 for $2 billion to kick-start its VR push after ...

In its last quarterly report, the Facebook parent company showed signs of hope for its Reality Labs department, which has suffered an operating loss of over $60 billion since 2020. Although the VR ...

Meta's Reality Labs unit recorded an operating loss of $4.97 billion while generating $1.1 billion in sales during the fourth quarter. Meta CEO Mark Zuckerberg kick-started his company's virtual ...