Meta's Reality Labs unit reported a record operating loss of $4.65B in Q4 2023, despite generating $1B in revenue. The metaverse division has accumulated over $42B in losses since the end of 2020. Meta expects the operating losses to increase significantly year-over-year due to ongoing product development efforts in AR/VR and ecosystem scaling. The mixed-reality section of Meta, known as Meta Reality Labs, continues to incur multibillion-dollar losses each quarter.
Meta continues to dump money into its Reality Labs despite losing more than $4 billion last quarter -- its best-ever quarter in terms of revenue. https://t.co/1Okhv56W7q
Meta lost $16.1 billion on its big metaverse bet during 2023 Reality Labs continues to lose billions each quarter, and Meta now expects those losses to "increase meaningfully year-over year" https://t.co/gxor5L6dRO https://t.co/ZpVOwGykx1
Reality Labs, Meta's subsidiary focused on developing the metaverse, recorded an operating loss of $4.65 billion in the last quarter of 2023 https://t.co/W5fcx2Ft39
Despite having one of the highest quarterly revenue figures in company history, the mixed-reality section of Meta known as Meta Reality Labs, reported an operational loss of more than $4.6 billion during the fourth quarter of 2023.
Meta’s, $META, Reality Labs unit recorded $4.65 billion in losses in its fourth quarter, per CNBC.
Meta's Reality labs had its best quarter, but still lost $4 billion https://t.co/hQiyc2kBTU https://t.co/SbMXTSJKV4
$META Q4 FY23 - "For Reality Labs, we expect operating losses to increase meaningfully year-over-year due to our ongoing product development efforts in AR / VR and investments to further scale our ecosystem." https://t.co/CMnafxU9xX
$META Q4 FY23 release - "For Reality Labs, we expect operating losses to increase meaningfully year-over-year due to our ongoing product development efforts in AR / VR and investments to further scale our ecosystem." https://t.co/itmEuYwCqn
$META Q4 FY23 release - "For Reality Labs, we expect operating losses to increase meaningfully year-over-year due to our ongoing product development efforts in AR / VR and our investments to further scale our ecosystem." https://t.co/tAiWuUGjhr
Not so bad. Meta Reality Labs loses $4.65B in Q4 https://t.co/kdsxUjl976 via @GamesBeat
Meta's Reality Labs notched multibillion-dollar losses in Q4 2023, but the unit reported $1B in revenue https://t.co/EXK1iLHuus
Meta's Reality Labs unit had revenue of $1B in Q4 but had a record operating loss of $4.65B; the metaverse division has now lost over $42B since the end of 2020 (@jonathanvanian / CNBC) https://t.co/WzcZhLhpAM 📫 Subscribe: https://t.co/OyWeKSQRTe https://t.co/jvjoIpTU2L