Meta meta-universe division loses $4.43 billion in Q3, cumulative loss exceeds $58 billion
On October 31st, Meta announced its Q3 financial results, in which the Reality Labs division reported an operating loss of $4.43 billion; revenue was $270 million, up 29% year-over-year. Meta's accumulated losses now exceed $58 billion. In addition, Meta's total revenue was $40.59 billion, up 19% year-over-year, and net income rose 35% year-over-year to $15.7 billion.
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