Meta Q2 earnings: Reality Labs losses top $7.7B year to date

Meta’s metaverse-related losses topped $3.74 billion over the second quarter with the Big Tech player spending $7.7 billion on its virtual reality business so far in 2023. Its second-quarter results released on July 26 saw Meta report an 11% revenue gain compared to the previous year, totaling $31.9 billion. Its metaverse-focused Reality Labs revenue topped $276 million. [...]

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Meta ‘powering through’ with Metaverse plans despite doubts — Zuckerberg

Billions of dollars have been poured into Meta’s virtual world with little return on investment, but CEO Mark Zuckerberg says he is holding fast.

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Biggest Failures Of Meta’s Metaverse

Despite a colossal investment of $177 billion, Meta's Reality Labs still have a lot to work on.

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Zuckerberg Ends Long-Lasting Controversy, Promising Legs for Metaverse Avatars

The most requested feature is coming.

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Meta’s Reality Labs Experience $2.9 Billion Loss in its Metaverse Project

Reality Labs lost $2.96 billion in Q1 2022 compared with a loss of $1.83 billion a year ago in Q1 2021.

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Meta’s Reality Labs Suffers $2.9 Billion Losses From Its Metaverse Project

Reality Labs lost $2.96 billion in Q1 2022 compared with a loss of $1.83 billion a year ago in Q1 2021.

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