Despite producing one of the best VR headsets around, the Quest 3, Meta's Reality Labs division just isn't making any money. Nearly $2 billion of revenue in 2023 was completely swallowed by $18 ...

Meta's efforts to create the digital worlds known as the metaverse continue to be costly.

Meta published its third quarter earnings today, and has recorded a loss of $4.4 billion in its AR/VR Reality Labs division. This is the third reported loss of the year in this segment, with Reality ...

In just over four years, Meta (META)’s Reality Labs division — focused mainly on its products in augmented reality (AR), virtual reality (VR), and the metaverse — has lost as much money as the market ...

But where will all the legless avatars go?

Lowpass newsletter. “It is a pretty rough time for the game industry.” Meta Reality Labs director of games Chris Pruett did not mince words when he returned to GDC for his annual talk on the state of ...

Meta CTO Andrew Bosworth said that cuts to the company's VR efforts were "a real loss." Bosworth said Meta was still "bullish" on VR, but that the company's investment had to "match the size of growth ...

Meta Platforms (NASDAQ: META) is undoubtedly one of the world's most important technology companies. Due to its position as ...

Despite ongoing losses, Reality Labs reported a 29% revenue increase in the third quarter. Expenses also rose by 19% year-over-year to $4.7 billion, largely due to higher staff-related costs and ...

Meta has made the decision to discontinue Workrooms as a standalone appIllustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images Meta is discontinuing its workplace virtual reality app ...

Coming into the third quarter, Meta's Reality Labs division had lost more than $21 billion since the start of last year. Meta debuted its Quest 3 VR headset in September, pitching it as a technically ...

There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way. Meta’s metaverse ambitions may not be going as well as planned. The company’s Realty ...