Meta's Metaverse division Reality Labs posted a $4.49 billion operating loss in the second quarter
2024-07-31 20:33:06
Meta Wednesday 2024 Q2 earnings subsidiary meta universe business realitydesk3cryptocurrencydesktopCrypto News
Meta on Wednesday reported its second quarter 2024 results. The Reality Labs division of its Metaverse business suffered an operating loss of $4.49 billion, and the market expected a loss of $4.53 billion, compared with $276 million in the same period last year. Meta Platforms' second quarter 2024 revenue was $39.07 billion, and the market expected $38.30 billion, compared with $31.999 billion in the same period last year. Meta said that for the Reality Labs division, it still expects a loss in 2024.
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