Meta uncharacteristically quiet about $5 billion in VR losses

In their quarterly earnings report for Q4 2024, Meta actually has a lot to be proud of in the VR arena. Thanks to the Meta Quest 3, their newest headset that commands at least half of the consumer VR gaming market, the company generated $1.1 billion in sales in their Reality Labs department during the fourth quarter. This would be a lot to brag about if it weren’t offset by $4.97 billion in losses.

The losses largely come from continued R&D into Meta’s Metaverse project, an all-encompassing alternate reality that acts as a virtual social space for the world. In their quarterly earnings call, Meta CEO Mark Zuckerberg brushed past the losses to focus on the Metaverse as a concept.