Meta’s Fact Labs posts $4.53 billion loss in moment quarter

Meta’s Fact Labs, the unit tasked with construction the futuristic metaverse, continues bleeding cash.

The social media corporate reported its second-quarter profits on Wednesday and detectable that Fact Labs logged an working lack of $4.53 billion age recording $370 million in gross sales all over the duration. Analysts have been projecting that unit to put up a second-quarter working lack of $4.99 billion age producing $381 million in gross sales.

The Fact Labs section oversees the Quest series of digital truth headsets along with the Ray-Cancel Meta sly glasses, that are collectively advanced with the French-Italian eyewear vast EssilorLuxottica. Meta desires Fact Labs to develop state of the art merchandise matching to the prototype Orion augmented truth glasses that might underpin a untouched, immersive computing platform.

However creating VR, AR and alternative untouched units is a pricey undertaking, with the Fact Labs section logging just about $70 billion in cumulative losses since overdue 2020. Meta in April mentioned Fact Labs recorded an working lack of $4.2 billion all over the primary quarter age bringing in $412 million in gross sales.

Even if the Quest VR headsets haven’t change into breakout hits, the Ray-Cancel Meta sly glasses are appearing indicators of luck.

EssilorLuxottica on Monday mentioned Ray-Cancel Meta sly glasses gross sales greater than tripled time over time for the primary part of 2025. The eyewear vast and Meta debuted in June the untouched Oakley Meta sly glasses, which is the fresh product spawned from their partnership.

Meta mentioned in April that an hidden selection of Fact Labs staff who have been a part of its Oculus Studios VR and AR tool unit have been laid off.