Meta earned $164.5 billion in 2024 but VR/AR division made another loss

Meta, the parent company of Facebook, reported a revenue of $164.5 billion in 2024, with a significant increase in profits despite rising expenses. The company’s family of apps generated $162.4 billion in revenue, with a 10% growth in headcount to 74,067 people. However, the VR, AR, and mixed reality segment incurred significant losses. With Meta’s [...]

from FunFect Games https://funfect.games/meta-earned-164-5-billion-in-2024-but-vr-ar-division-made-another-loss/