Meta Expects Reality Labs Operating Losses To Increase Meaningfully YoY Due To Ongoing Product Development Effort In AR/VR And Investments To Further Scale Ecosystem
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms Inc. expects its Reality Labs operating losses to increase significantly year-over-year due to ongoing product development in Augmented Reality/Virtual Reality (AR/VR) and investments to further scale its ecosystem.
October 25, 2023 | 8:24 pm
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Meta's ongoing investments in AR/VR product development and ecosystem scaling are expected to lead to a significant increase in operating losses for Reality Labs.
The news directly mentions Meta's expectation of increased operating losses due to ongoing investments in AR/VR and ecosystem scaling. This could negatively impact investor sentiment and potentially lead to a decrease in Meta's stock price in the short term.
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