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Reality Labs

All articles tagged with #reality labs

business1 month ago•16 min saved

Meta's Buybacks Hit Zero as Cash Flow Collapses

Meta Platforms’ stock fell after Q2 results showed diluted EPS of $6.18 (miss vs $7.22 expected) despite revenue rising 28% to $60.80B. Costs surged 55% to $42.03B, including $2.4B in legal charges and $1.18B in severance, driving operating margins down to 31% from 43%. Free cash flow collapsed to about $0.78B as capex totaled $31.08B; operating cash flow rose 25% to $31.9B, while debt jumped to $83.66B and buybacks were zero vs $10.17B a year earlier. Reality Labs lost $4.62B on $431M in revenue. For Q3, revenue guidance of $61–64B missed consensus, and full-year capex guidance narrowed to $130–145B, with Zuckerberg noting insufficient compute for demand.

via Yahoo Finance|

#business #buybacks #capex

business1 month ago•1 min saved

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.

via cnbc.com|

#business #earnings #meta-platforms

business1 month ago•21 min saved

Meta Sees 28% Revenue Rise in Q2 2026 Amid AI-Driven Ad Growth

Meta Platforms reported Q2 2026 revenue of $60.8B, up 28% year over year, driven by Family of Apps growth (DAU ~3.60B), 14% higher ad impressions, and a 12% uplift in average ad price. Net income fell to $15.85B (−14% YoY) with diluted EPS of $6.18, while operating income was $18.78B (margin 31%). Cash from operating activities totaled $31.9B; capex was $31.1B; headcount declined about 1% to 75,472. Free cash flow was $0.784B, and cash and equivalents stood at $90.3B. Meta guided Q3 revenue to $61–64B and full-year 2026 expenses to $165–169B, capex to $130–145B, with a tax rate of 15–17%; Reality Labs remained a drag, posting an operating loss of about $4.62B. FoA revenue was $60.37B; Reality Labs revenue $0.431B.

via Meta Investor Relations|

#advertising-revenue #ai #business

technology2 months ago•3 min saved

Meta Refreshes Metaverse Leadership Amid AI Pivot

Meta has shuffled its metaverse leadership again, with Gabriel Aul retiring after a brief tenure and Saxs Persson taking over Horizon, as the company winds down certain metaverse initiatives and shifts billions into AI. The move follows prior exits and a broader Reality Labs downturn, and Meta emphasizes that the metaverse strategy extends beyond Horizon while continuing to invest heavily in AI.

via Business Insider|

#horizon #leadership-change #meta

business5 months ago•4 min saved

Meta trims about 700 roles, Reality Labs targeted in restructuring

Meta has cut about 700 roles across multiple divisions, including Reality Labs, following an earlier 10% reduction that led to the closure of three VR studios; the company says it regularly restructures to align with its goals, even as Reality Labs posted a significant annual loss.

via GamesIndustry.biz|

#business #layoffs #meta

technology5 months ago•3 min saved

Meta reshapes Reality Labs into AI-native pods for productivity

Meta Reality Labs is reorganizing a 1,000-person team into AI-native 'pods' built around AI builders and pod/org leads to flatten the structure and boost engineering productivity and product quality; the move is stated as unrelated to recent layoffs and aligns with CEO Mark Zuckerberg’s push for AI-driven, smaller teams that can tackle tasks more efficiently.

via Business Insider|

#ai-builders #ai-native #pods

tech5 months ago•48 min saved

Meta trims hundreds of roles as it doubles down on AI

Meta is laying off hundreds of employees across its company, including Reality Labs, as it continues a major push into AI with data-center spending and other AI initiatives; Meta had about 79,000 employees as of December 2025 and has been restructuring multiple divisions after earlier rounds of layoffs in Reality Labs and VR efforts.

via The Verge|

#ai #labor #meta

business5 months ago•2 min saved

Meta kickstarts broad job cuts across five divisions amid AI push

Meta began laying off hundreds of employees across Reality Labs and at least four other divisions as part of a broader company reorganization, with some notified immediately and others in the coming weeks. Some workers will be offered new roles or relocation. The moves align with CEO Mark Zuckerberg’s emphasis on artificial intelligence, as Meta projects continued Reality Labs losses and significant AI-driven hiring in 2026, while total headcount hovered around 79,000 at end-2025.

via NBC News|

#ai #business #layoffs

technology5 months ago•3 min saved

Meta trims hundreds of roles across Facebook, Reality Labs as AI push accelerates

Meta is laying off several hundred employees across multiple divisions—including Facebook, global operations, recruiting, sales, and Reality Labs—as it pivots toward artificial intelligence, with some staff offered new roles or relocations.

via CNBC|

#artificial-intelligence #facebook #layoffs

business5 months ago•4 min saved

Meta Cuts Hundreds of Jobs Amid AI-Expansion Drive

Meta began another wave of layoffs across Reality Labs, Facebook, recruiting, sales, and global operations as it pushes for efficiency while pouring billions into AI; some workers were affected but the company said it would try to relocate roles where possible, reflecting a broader Big Tech trend of balancing AI investment with headcount reductions.

via Business Insider|

#ai #business #cost-cutting

technology5 months ago•6 min saved

Meta to Lay Off Hundreds in AI-Driven Overhaul

Meta Platforms will lay off a few hundred employees across the company, with cuts concentrated in Reality Labs and across social media, recruiting operations, and a smaller number in sales, as it overhauls the business for the AI era.

via The Information|

#ai-age #layoffs #meta-platforms

technology5 months ago•5 min saved

Reality Labs Bleeds Cash, but Meta’s Metaverse Story Isn’t Over

Meta’s Reality Labs has posted over $80 billion in losses, but not all of that is from the metaverse—hardware like Quest headsets and Ray-Ban AI glasses account for much of the spending. Reality Labs will continue operating and burning money as Meta reframes its strategy: the metaverse isn’t dead, just evolving beyond headsets, while Zuckerberg shifts attention to AI and datacenters to build a more self-owned platform.

via Business Insider|

#ai #meta #metaverse

technology5 months ago•3 min saved

Meta Keeps Horizon Worlds in VR as it Reframes the Metaverse

Meta has reversed an earlier plan to retire Horizon Worlds on VR, announcing that it will keep VR support for existing Horizon Worlds games and the Unity runtime, while not funding new VR Horizon Worlds titles and continuing its pivot toward mobile, AR, and AI amid Reality Labs losses and declining Quest headset sales.

via Gizmodo|

#horizon-worlds #meta #metaverse

technology5 months ago•3 min saved

Meta Keeps Horizon Worlds VR Alive, Bets on a Mobile-First Path

Meta CTO Andrew Bosworth announced in an Instagram AMA that Horizon Worlds will continue to support VR, but only for experiences that already work in VR; new games will be mobile-only, with the majority of Reality Labs’ focus shifting to mobile and AR investments after layoffs, marking a partial retreat from first‑party VR while keeping Horizon Worlds alive in VR.

via Ars Technica|

#horizon-worlds #meta #mobile

technology6 months ago•2 min saved

Meta eyes a Malibu 2 smartwatch with Meta AI this year

Meta is reportedly reviving its long-discussed smartwatch project, internally named Malibu 2, with planned release this year and features centered on Meta AI and health tracking. The effort, previously paused in 2022 as Reality Labs tightened spending, follows Meta’s broader wearables push (including AR glasses and Ray-Bans) with no official launch date yet announced.

via Engadget|

#malibu-2 #meta #reality-labs