META Labs Q3 Earnings: Heavy Metaverse Spending Drives $4.4B Loss for Reality Labs
We’ve just seen the latest results from Meta Platforms, Inc. (ticker: META) for their third quarter, and the story is both strong and startling. The company reported $51.24 billion in revenue, up about 26% compared to a year ago. But behind that growth lurks a big number: its metaverse‑focused division, Reality Labs, lost roughly $4.4 billion in…