React Native Profiler <= RN 0.59

.babelrc_59

// React Native version <= 0.59
{
  "presets": ["module:metro-react-native-babel-preset"],
  "plugins": [
    ["module-resolver", {
      "root": ["./"],
      "alias": {
        "ReactNativeRenderer-prod": "./node_modules/react-native/Libraries/Renderer/oss/ReactNativeRenderer-profiling",
        "scheduler/tracing": "scheduler/tracing-profiling"
      }
    }]
  ]
}

.babelrc_60

// React Native version >= 0.60
{
  "presets": ["module:metro-react-native-babel-preset"],
  "plugins": [
    ["module-resolver", {
      "root": ["./"],
      "alias": {
        "ReactNativeRenderer-prod": "./node_modules/react-native/Libraries/Renderer/implementations/ReactNativeRenderer-profiling",
        "scheduler/tracing": "scheduler/tracing-profiling"
      }
    }]
  ]
}

For react native version >= 0.61, you can use this in your babel.config.js:

const path = require('path');

module.exports = {
  presets: ['module:metro-react-native-babel-preset'],
  plugins: [
    [
      'module-resolver',
      {
        root: ['./'],
        resolvePath(sourcePath) {
          if (sourcePath === '../implementations/ReactNativeRenderer-prod') {
            return path.resolve(
              __dirname,
              './node_modules/react-native/Libraries/Renderer/implementations/ReactNativeRenderer-profiling',
            );
          }
          return undefined;
        },
      },
    ],
  ],
};