According to ChainCatcher, CNBC reported that Meta's second quarter 2024 financial report released on Wednesday showed that its revenue in the second quarter of this year was $39.07 billion, the market expected $38.3 billion, and $31.999 billion in the same period last year. At the same time, the company's metaverse business Reality Labs department had an operating loss of $4.48 billion, and analysts expected a loss of $4.55 billion, compared with $276 million in the same period last year.
Since the end of 2020, the Reality Labs division has accumulated losses of approximately $50 billion. Reality Labs' revenue mainly comes from the Quest series of VR headsets and Ray-Ban Meta smart glasses, with revenue of $353 million, an increase of 28% from $276 million in the same period last year. Meta's revenue in the second quarter of this year was $39.07 billion, the market expected $38.3 billion, and $31.999 billion in the same period last year. Meta said that for the Reality Labs division, it is still expected to incur losses in 2024.
