5 ms·

Worth pointing out, possibly, that it hasn't actually paid off yet.

• zmmmmm 2y ago
  If they stopped forward investment today, Reality Labs would be profitable just selling Quest hardware and software and Meta Ray Bans. The reason it loses money hand over fist is because they are not nearly done yet with where they want the tech to be.
  • mucle6 2y ago
    Source?
    • zmmmmm 2y ago
      Revenue was cited at around $1bn for Q4 last year in their financial reports and about $2b full year [0]. I have to believe they could easily run the division at break even on $1-2b per year if they were not investing heavily in R&D on future devices and services. [0] https://investor.fb.com/investor-news/press-release-details/2024/Meta-Reports-Fourth-Quarter-and-Full-Year-2023-Results-Initiates-Quarterly-Dividend/default.aspx https://investor.fb.com/investor-news/press-release-details/...