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 ...

Mentions of the "metaverse" were relatively few and far between in Meta's quarterly earnings call this week — we counted a mere seven mentions compared to 23 for "AI" — but the company's investment ...

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 ...

April 24 (UPI) --Meta has laid off employees who worked in its Reality Labs division on developing virtual and augmented reality systems and the wearable devices that use them, the company announced ...

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 ...

Despite Meta's successful showcase of its Orion prototype AR glasses in September, the social media giant continues to lose billions of dollars a quarter developing the still nascent metaverse. Meta ...

Hardware teams at Meta's Reality Labs were asked to trim spending by almost 20% into 2026, The Information reported.

Meta’s metaverse ambitions may not be going as well as planned. The company’s Realty Labs division reportedly stopped work on a next-generation headset amid concerns the product wouldn’t sell well ...

Meta's Reality Labs division lost $3.7 billion in the third quarter. Meta's recent earnings, posted Wednesday, shows its VR and metaverse push is still bleeding money. Meta said Reality Labs' revenue ...

(TNS) — Imagination is being unlocked in the new Verizon Innovative Learning labs at Mater Academy. On a 90-degree fall day, virtual reality can take students to an ice rink in a Christmas village. 3D ...

In an effort to further expand its software platform, Meta is restructuring Reality Labs by merging all its virtual-reality teams into two divisions -- one focused on the Quest VR headset line and ...