Facebook (META) Reality Labs lost $17.7 billion in 2024
This week, Meta disclosed its Q4 2024 earnings report on its investor relations site. In this announcement, the company revealed the breakdown of both its full-year revenue and expenses. For the period spanning 12 months, Meta Reality Labs contributed to a staggering loss of $17.7 billion. This figure represents an additional billion dollars in losses compared to Meta’s fiscal year 2023, which totalled $16.2 billion. In the last quarter of 2024 alone, Reality Labs recorded a loss of approximately $4.97 billion.