Meta’s virtual reality and augmented reality focused Reality Labs unit recorded an operating loss of $4.48 billion in the second quarter.
Meta's Reality Labs unit, which houses its metaverse technologies, recorded an operating loss of $4.48 billion in the second quarter.report on Wednesday, Meta's Reality Labs unit, which houses augmented and virtual reality technologies, recorded an operating loss of $$4.48 billion. Analysts polled by StreetAccount were expecting a loss of $4.55 billion.massive investments into the hardware and software that underpins what he says will be the next era of personal computing.
Revenue in Reality Labs, largely derived from the company's Quest family of VR headsets and Ray-Ban Meta smart glasses, came in at $ million, representing growth of 28% from $276 million a year earlier. Analysts were expecting the unit to bring in $371 million in sales.started deliveries of its Vision Pro headset to China, where it has a retail price that starts at 29,999 yuan, or $4,128.
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