In Meta's first-quarter earnings report, the company said Reality Labs recorded an operating loss of over $4 billion while bringing in $402 million in sales.
PayPal is betting that a new corporate structure can reignite growth at a company that has lost ground to Apple, Google and Stripe in the e-commerce battle.
In Meta's earnings report after the bell, investors will be monitoring the company's hefty AI spending and whether the war in Iran is having an impact.