Reality Labs posts $4.6B Q2 loss, beating expectations

Meta’s Reality Labs posted a $4.62 billion loss in the second quarter on $431 million in revenue, a figure narrower than analysts’ $5.07 billion loss on $423.4 million revenue. The unit, which develops Quest VR headsets and Ray‑Ban Meta glasses, has burned over $80 billion in operating losses since 2020 as Meta presses on with its virtual-reality and wearables push.