Facebook (META) reports $4.4 billion loss at Reality Labs in Q3 2024
The Meta company's losses on Reality Labs were just about the same between Q2 and Q3 2024.
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The Meta company's losses on Reality Labs were just about the same between Q2 and Q3 2024.
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Wall Street analysts were hoping to see an average guidance of $38.3 billion for Q2, but Meta's forecast was substantially below that estimate.
The Meta company's VR division continued to lose billions in its Q1 2024 earnings results.
The popular social media platform has seen a small rise in monthly active users from its Q2 2023 reporting period.
The Meta company's Q4 results came out ahead of analyst forecasts to close out its 2023 fiscal year.
Reality Labs continues to lose money as product development continues.
Meta CEO Mark Zuckerberg believes the Twitter alternative is trending upwards and plans to stick with its development over the long haul.
Meta continues to see substantial losses from the Reality Labs division.
Tune into the earnings call for Meta, the company behind Facebook and Instagram.