Facebook Reality Labs

Facebook Reality Labs lost $3.846 billion during Q1 2024

The Meta company's VR division continued to lose billions in its Q1 2024 earnings results.

Facebook (META) Reality Labs lost $3.742 billion in Q3 2023

Meta continues to see substantial losses from the Reality Labs division.

Meta Connect 2023 livestream presentation set for late September

Facebook and Meta are set to show off their latest efforts in VR hardware and applications when the Meta Connect presentation returns this month.

Facebook (META) Reality Labs lost $3.7 billion during Q2 2023

Facebook continued its trend of losing money on Reality Labs in its latest quarter.

Facebook (META) Reality Labs lost $3.99 billion on $339 million of revenue in Q1 2023

Meta's Reality Labs division continues to be one of the largest cash sinks for the company in its latest fiscal year.

Meta expects Reality Labs to continue losing money

Meta expects Reality Labs to keep losing money, but sees long-term benefits.

John Carmack exits Meta, stating he's 'wearied of the fight' [Update]

After an almost decade-long stint with the former Oculus, the id Software founder is leaving Meta. (Updated with John Carmack's full statement, which provides some much-needed context.)

Facebook (META) to lay off 11,000, including Reality Labs employees

In a letter released by Mark Zuckerberg, the CEO said the cuts were because 'revenue outlook is lower' and a push to operate more efficiently.

Facebook (META) confirms next Quest HMD consumer model will be revealed in 2023

Mark Zuckerberg confirmed in Meta's Q3 2022 earnings results and conference call that the next consumer-oriented Meta Quest HMD is in development.

Facebook Reality Labs lost $3.67 billion during Q3 2022

The company anticipates Reality Labs operating losses in 2023 to "grow significantly year-over-year."