The Reality Labs division put up losses of $4.97 billion in Q4 2024 alone.
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Meta’s Reality Labs Posts $5 Billion Loss for Q4 2024The Q4 2024 loss posted by Reality Labs is the biggest yet since Meta began reporting Reality Labs as its own segment in Q4 2020. Since then, Meta has lost at least $2 billion a quarter, ...
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Meta's chief technology officer, Andrew Bosworth, told employees in an internal post that the company was seeing "massive ...
Meta chief technology officer Andrew "Boz" Bosworth said in an internal memo shared with Business Insider that the company's Reality Labs division needs to turn things around in a big way in ...
Reality Labs has been viewed as a money sink for the company, with Meta’s investments in its next-level projects exceeding $50 billion over the past four years. But Meta’s view is that this is ...
Meta has published its earnings report for the three months ending December 31 2024, and despite $1.08 billion in ...
Meta’s Reality Labs unit recorded an operating loss of $4.97 billion while generating $1.1 billion in sales during the fourth quarter.
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