Meta’s Reality Labs posts $4.2 billion loss in first quarter
Publishing timestamp: 2025-04-30 20:10:07
Summary
Meta's Reality Labs unit reported an operating loss of $4.2 billion while bringing in $412 million in sales. The company is continuing to invest billions into the metaverse, but is facing challenges such as new tariffs and layoffs within its Oculus Studios unit.
Sentiment: MIXED
Tickers: META,
Keywords: internet, mobile, meta platforms inc, technology, earnings, mark zuckerberg, business news, breaking news: technology, social media,
Source: https://www.cnbc.com/2025/04/30/metas-reality-labs-posts-4point2-billion-loss-in-first-quarter.html