Meta published its third quarter earnings today, and has recorded a loss of $4.4 billion in its AR/VR Reality Labs division. This is the third reported loss of the year in this segment, with Reality ...
Mentions of the "metaverse" were relatively few and far between in Meta's quarterly earnings call this week — we counted a mere seven mentions compared to 23 for "AI" — but the company's investment ...
Despite ongoing losses, Reality Labs reported a 29% revenue increase in the third quarter. Expenses also rose by 19% year-over-year to $4.7 billion, largely due to higher staff-related costs and ...
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A decade after buying Oculus VR, Meta's Reality Labs' losses are spiralling out of control, with no end in sight
Despite producing one of the best VR headsets around, the Quest 3, Meta's Reality Labs division just isn't making any money. Nearly $2 billion of revenue in 2023 was completely swallowed by $18 ...
Despite Meta's successful showcase of its Orion prototype AR glasses in September, the social media giant continues to lose billions of dollars a quarter developing the still nascent metaverse. Meta ...
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It turns out Mark Zuckerberg does have a breaking point with spending on Meta's metaverse ambitions
Hardware teams at Meta's Reality Labs were asked to trim spending by almost 20% into 2026, The Information reported.
Meta's Reality Labs division lost $3.7 billion in the third quarter. Meta's recent earnings, posted Wednesday, shows its VR and metaverse push is still bleeding money. Meta said Reality Labs' revenue ...
Meta’s metaverse ambitions may not be going as well as planned. The company’s Realty Labs division reportedly stopped work on a next-generation headset amid concerns the product wouldn’t sell well ...
Could this be the actual bad signs for the VR industry people have been portenting for years? Meta is laying off over 100 employees in their VR division. Meta made the announcement earlier in the week ...
In an effort to further expand its software platform, Meta is restructuring Reality Labs by merging all its virtual-reality teams into two divisions -- one focused on the Quest VR headset line and ...
(TNS) — Imagination is being unlocked in the new Verizon Innovative Learning labs at Mater Academy. On a 90-degree fall day, virtual reality can take students to an ice rink in a Christmas village. 3D ...
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