Quest 3 Pushed Meta Reality Labs to Record Revenue in Q4, But Also Record Costs

Meta today announced its fourth quarter earnings for 2023, revealing how Reality Labs has fared during the holiday season. It’s been a banner quarter for Meta’s XR division, with Reality…

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New Reality Labs Research Project Demonstrates Mind-bending AR Capabilities

A project from researchers at Reality Labs, Meta’s XR division, shows a method for interacting with the real-world through augmented reality.I’m about as seasoned as they get when it comes…

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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…

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Meta Reaffirms Commitment to Metaverse Vision, Has No Plans to Slow Billions in Reality Labs Investments

Meta announced its latest quarterly results, revealing that the company’s Reality Labs metaverse division is again reporting a loss of nearly $4 billion. The bright side? Meta’s still investing billions into…

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