Meta's Reality Labs reports $5 billion loss in Q4, VR remains priority in 2025
Folded into Meta’s earnings call on Wednesday -- which announced a Q4 revenue of $48.39B and FY 2024 revenue of $164.50B -- was proof of the company’s continued commitment toward extended reality headsets/glasses, regardless of the initial losses that come with it.
Boldyn Networks US secures $1.2 billion debt financing to expand U.S. business
Boldyn Networks US has announced a $1.2B debt financing via senior secured credit facilities and fixed rate notes. The network infrastructure developer said the capital injection will help its continued expansion into the U.S.
NHL creating youth-focused, animated Hockeyverse
The NHL is creating a new youth-focused program called NHL Hockeyverse Matchup of the Week, debuting Saturday on the NHL Network in the U.S., Sportsnet in Canada and globally on the league's YouTube channel.
Leadership Look-In: Ordr’s new CEO talks payment data layer
Periodically, SBJ Tech will feature a content series called Leadership Look-In, where C-suiters in sports tech offer thoughts on their companies, experiences and personnel management. Want to be considered for a future installment? Email me at ejoyce@sportsbusinessjournal.com.
Athlete-wellness platform The Zone to test new metric
Outside of just being the right thing to do, there’s a straight line from holistic support of athletes and business success. Well-being begats better performance, which begats results, greater fan interest and, ultimately, a product fans will pay for.