this post was submitted on 31 Jul 2025
65 points (100.0% liked)

Virtual Reality

2411 readers
27 users here now

Virtual Reality - Quest, PCVR, PSVR2, Pico, Mixed Reality, ect. Open discussion of all VR platforms, games, and apps.

founded 2 years ago
MODERATORS
Semi@lemmy.world
miketunes@lemmy.world
fer0n@lemmy.world
65
Meta's Reality Labs posts $4.53 billion loss in second quarter (www.nbcdfw.com)
submitted 2 days ago by MyOpinion@lemmy.today to c/virtualreality@lemmy.world
13 comments fedilink hide all child comments
 

Meta's Reality Labs, the unit tasked with building the futuristic metaverse, continues bleeding money.

The social media company reported its second-quarter earnings on Wednesday and revealed that Reality Labs logged an operating loss of $4.53 billion while recording $370 million in sales during the period. Analysts were projecting that unit to post a second-quarter operating loss of $4.99 billion while generating $381 million in sales.

you are viewing a single comment's thread
view the rest of the comments
[–] Petter1@discuss.tchncs.de 1 points 2 days ago