"Meta shared its earnings report for the third quarter of 2025 on Wednesday. While the Menlo Park-based tech giant posted $56 billion (roughly Rs. 4.9 lakh crore) in revenue, marking an increase of 26 percent year-over-year (YoY), its Reality Labs division suffered a loss of $4.4 billion (roughly Rs. 39,000 crore). The loss-making division oversees development of the company's Quest-branded headsets as well as the Ray-Ban and Oakley-branded artificial intelligence (AI) glasses. Interestingly, the losses were incurred despite the popularity of Meta's AI glasses."
"According to a CNBC report, the division has accumulated a total loss of $70 billion (roughly Rs. 6.2 lakh crore) since late 2020, making it one of the least profitable ventures of the company. The report claims that the expenditure of Reality Labs is due to the high costs associated with augmented reality (AR) and virtual reality (VR) technologies."
Meta reported $56 billion in revenue for Q3 2025, a 26% year-over-year increase. Reality Labs produced $470 million in sales for the quarter, up 74% from the same quarter last year, yet posted a $4.4 billion operating loss. Reality Labs has accumulated approximately $70 billion in losses since late 2020. High development and production costs for AR and VR technologies drove the division's expenditures. Mark Zuckerberg noted strong AI glasses revenue in Q3 and indicated that Quest headset spending contributed heavily to losses. Retail partner stocking ahead of the holiday season boosted Quest headset sales growth.
Read at Gadgets 360
Unable to calculate read time
Collection
[
|
...
]