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Reality Labs Revenue Drops to Lowest Point on Record Ahead of Quest 3 Launch

Meta today announced its third quarter earnings, revealing that revenue of its Reality Labs XR division dropped to its lowest point on record, just ahead of the launch of Quest 3. All eyes are now on the holiday season to see if Meta’s new hardware will move the needle. Meta announced the latest Reality Labs […]

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Road to VR & Ben Lang

26. Oktober 2023
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Meta’s XR Revenue Down 39% “due to lower Quest 2 sales,” as Quest 3 & Vision Pro Loom

Meta’s latest quarterly results show its Reality Labs XR division is again reporting an operating loss just south of $4 billion. Now, for its Q2 2023 results, the company says Reality Labs’ revenue was down by 39% due to lower Quest 2 sales, making for the worst quarterly performance in the past two years. Meta […]

Road to VR & Scott Hayden

27. Juli 2023
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Meta Reality Labs Earnings Reveal a Less Successful Holiday Season & Highest Operating Costs Yet
Meta today revealed its latest quarterly earnings results, showing that Reality Labs, the company’s XR and metaverse arm, had a smaller holiday season than the last, while operating costs have reached their highest levels yet. Today during the company’s Q4 earnings call, Meta revealed the latest revenue and operating cost figures for its XR and […]

Road to VR & Ben Lang

1. Februar 2023
Meta Reality Labs Latest Revenue & Operating Cost Figures Aren’t Going to Make Investors Happy
In Meta’s most recent quarterly earnings call the company shared the latest revenue figures of Reality Labs, the company’s XR division. In the third quarter of the year the division hit new milestones… unfortunately not the kind investors like to see. Meta has been clear about its plan to spend aggressively on its XR initiatives […]

Road to VR & Ben Lang

26. Oktober 2022