Meta's meta-universe unit Reality Labs posts $4.49bn operating loss in Q2

Meta announced its second quarter 2024 financial results on Wednesday, with an operating loss of $4.49 billion for its Reality Labs division of its metaverse business, compared with market expectations for a loss of $4.53 billion and $276 million for the same period a year ago.Meta Platforms' second-quarter 2024 revenue was $39.07 billion, compared with market expectations for $38.3 billion and $31.999 billion for the same period a year ago.Meta said it still expects to post a loss for its Reality Labs division in 2024. 31.999 billion.Meta said it still expects a loss in 2024 for its Reality Labs division.