Private company

Reality Labs

Logo: Reality Labs, Public domain, via Wikimedia Commons³

Virtual and augmented reality products company

Reality Labs, formerly Facebook Reality Labs and Oculus VR, is a business and research unit of Meta Platforms (formerly Facebook Inc.) that produces virtual reality (VR) and augmented reality (AR) hardware and software, including virtual reality headsets such as the Quest, and online platforms such as Horizon Worlds. In June 2022, several artificial intelligence (AI) initiatives that were previously a part of Meta AI were transitioned to Reality Labs.² It was founded by Palmer Luckey.¹ It employed about 17,000 people in 2022.¹ Its revenue was $1.9 billion in 2023.¹ Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

2020Founded¹

Industryelectronics industry, software industry, virtual reality industry¹
HeadquartersCalifornia¹
Websitewww.oculus.com

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Corporate structure

Reality Labs is part of a group headed by Meta Platforms. 49 entities, 9 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Meta Platforms Menlo Park, California, United States
- Reality Labs California
  - Ready at Dawn Subsidiary · Irvine
  - Oculus Owned
- Beat Games Subsidiary · Prague, Czech Republic
- Face.com Subsidiary · תל אביב-יפו
- Facebook Subsidiary
  - Facebook Developer Circles Subsidiary
- Facebook (Israel) Subsidiary · Tel Aviv, Israel
- Facebook Sweden Subsidiary · Stockholm Municipality, Sweden
- Mapillary Subsidiary · Malmö
- Novi Financial Subsidiary · Menlo Park, United States
- Parakey Subsidiary · Mountain View
- Parse Subsidiary · Menlo Park
- Pinnacle Sweden Subsidiary · Stockholm Municipality, Sweden
- PlayGiga Subsidiary · Madrid, Spain
- PrivateCore Subsidiary · Palo Alto
- Sanzaru Games Subsidiary · California
- Workplace from Meta Subsidiary
- Cassin Networks ApS Subsidiary · Denmark
- CTRL-labs Subsidiary
- Facebook AI Research Subsidiary · Montreal, Canada
- Facebook France Subsidiary
- Facebook Holdings, LLC Subsidiary · Delaware, United States
- FACEBOOK INDIA ONLINE SERVICES PRIVATE LIMITED Subsidiary · Hyderabad, India
- Facebook International Operations Limited Subsidiary · Ireland
- FACEBOOK INTERNATIONAL TREASURY OPERATIONS LIMITED Subsidiary · Dublin, Ireland
- Facebook Ireland Limited Subsidiary · Ireland
- FACEBOOK OPERATIONS, LLC Subsidiary · Menlo Park, California, United States
- and 21 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What Reality Labs reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Oculus

Things Wikidata records the company as owning, with the share when stated.¹

The story

Founded by Palmer Luckey in 2020.¹

Leadership

Who has led Reality Labs, and when. Pick a name to see everywhere that person has worked.

FounderPalmer Luckey¹

Products and brands

Gear VR
Horizon Worlds
Meta Portal
Meta Quest
Meta Quest 2
Meta Quest Pro
Oculus Go
Oculus Rift
Oculus Rift S
Ray-Ban Stories

Listed on Wikidata.¹

Subsidiaries and ownership

Also owns

Oculus

From Wikidata.¹

Employees over time

202217,000¹

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

Reality Labs revenue by year¹$1.9B in 2023−12% since 2022

2023$1.9B¹
2022$2.2B¹

Timeline

2020Founded Founded¹
2014Acquired Acquired by Meta Platforms¹

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataReality Labs on Wikidata
2
WikipediaReality Labs on Wikipedia
3
Wikimedia CommonsReality Labs logo by Reality Labs, Public domain