All Stories Tagged: Meta Reality Labs

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

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

During the conference call that accompanied Q2 2023, Mark Zuckerberg continually stressed attention on Meta Connect 2023 in September.

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

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

Meta acquired Onward developers Downpour Interactive and Lone Echo developers Ready at Dawn to bolster its gaming exclusives on Quest VR headsets.

Pages allegedly discovered in Meta's Oculus apps suggest there may be some kind of subscription service in the works for Quest HMDs.

Meta claims the goal of the price drops on its Quest 2 and Quest Pro headsets is to 'create hardware that's affordable for as many people as possible.'

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

In addition to losing money, Reality Labs employees were among those affected by layoffs during Q4 2022.