Meta's Reality Labs division beat nearly all its sales and user targets for 2024: internal memo
1. Meta's Reality Labs exceeded 2024 sales and user targets significantly. 2. Sales grew by over 40% YoY, driven by wearables and Quest brand. 3. Horizon app was the top free app on Christmas Day in the US and UK. 4. Despite growth, Reality Labs continues to incur substantial losses exceeding $50 billion. 5. CFO emphasized ongoing significant investments in Reality Labs as a long-term priority.