Meta's Reality Labs posts $4.53 billion loss in second quarter

Core Insights - Meta is focusing on developing augmented reality (AR) products, exemplified by the introduction of the Orion AR glasses during the Meta Connect event [1][2] - The Reality Labs division, responsible for VR and AR products, reported significant financial losses while attempting to innovate in the immersive computing space [3][4] Financial Performance - In the second quarter, Reality Labs recorded an operating loss of $4.53 billion with sales of $370 million, which was better than analysts' expectations of a $4.99 billion loss and $381 million in sales [3] - Cumulative losses for Reality Labs have reached nearly $70 billion since late 2020, indicating the high costs associated with developing new technologies [4] Product Development and Market Response - Despite the challenges, the Ray-Ban Meta smart glasses have shown promising sales, with sales more than tripling year over year for the first half of 2025 [5] - The partnership with EssilorLuxottica has led to the launch of new products, including the Oakley Meta smart glasses, further expanding Meta's presence in the eyewear market [5]