Meta Reality Labs posted a Q3 loss of $4.129 billion, with profitability expected to begin in 2027
Meta's Reality Labs division reported Q3 revenue of $443 million and a loss of $4.129 billion for fiscal year 2026, a narrower loss than the $4.54 billion expected by the market. Meta expects the division to lose $18 billion to $19 billion this year, narrowing to about $15 billion in 2027, and is expected to gradually move toward profitability starting next year.
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On October 22, Meta released its financial results for the third quarter of fiscal year 2026, and also disclosed revenue details for its Reality Labs division.
According to the financial data, Meta's Reality Labs division posted third-quarter revenue of $443 million and a loss of $4.129 billion, a narrower loss than the market consensus estimate of $4.54 billion.
Zuckerberg remains optimistic about the Reality Labs division, which continues to post huge losses.
According to Meta's expectations, Reality Labs' losses will narrow to about $15 billion in 2027, with an estimated loss of $18 billion to $19 billion this year. As Meta's AI systems make its hardware products more useful, the division is expected to gradually move toward profitability starting next year.
Zuckerberg said: "I still believe that to achieve a holographic experience in everyday wearable glasses and merge the real world with the digital world, we first have to start with virtual reality technology."
Source: businessinsider
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