Meta published its second quarter earnings today, and has recorded a loss of $4.5 billion in its AR/VR Reality Labs division.
This is the second reported loss of the year in this segment, with Reality Labs reporting a loss of $3.8 billion during its first quarter. Its Q2 revenue was up 28% year-over-year, largely driven by sales of Quest headsets.
Expenses in this segment increased 21% year-over-year to $4.8 billion due to “higher-headcount related expenses and Reality Labs inventory costs.”
