Jonathan Vanian / CNBC:

Meta's Reality Labs posts Q2 revenue up 28% YoY of $353M, vs. $371M est., and operating loss of $4.48B, vs. $4.55B est.; Reality Labs has lost ~$50B since 2020  —  Meta's ambitious plans to develop the metaverse is still costing the company billions of dollars a quarter.

Jonathan Vanian / CNBC:

Meta's Reality Labs posts Q2 revenue up 28% YoY of $353M, vs. $371M est., and operating loss of $4.48B, vs. $4.55B est.; Reality Labs has lost ~$50B since 2020  —  Meta's ambitious plans to develop the metaverse is still costing the company billions of dollars a quarter.

Source: TechMeme
Source Link: http://www.techmeme.com/240731/p36#a240731p36