Pocket Games Publish That Meta's VR/AR division struggles with $4.4 billion loss as expenses rise to $4.7 billion in Q3
Posted: Mon Nov 04, 2024 12:15 pm
Meta Reality Labs reported a $4.4 billion loss in Q3 2024 as the firm continues to invest heavily in virtual and augmented reality. The company's latest earnings report showed expenses for the division rose 19% year-over-year to $4.7bn. Revenue for Reality Labs was $270 million, up 29% driven by hardware sales. ... [MORE]
Source: https://www.pocketgamer.biz/metas-vrar- ... 7-billion/
Source: https://www.pocketgamer.biz/metas-vrar- ... 7-billion/