Meta Reports Significant Losses In Reality Labs Amid Metaverse Investments

According to PANews, Meta's latest financial report reveals that its Reality Labs division recorded an operating loss of $4.97 billion in the fourth quarter of 2024, with sales amounting to $1.1 billion. Although the loss was less than analysts' expectations of $5.4 billion, Reality Labs has accumulated losses exceeding $60 billion since 2020. Last week, Meta announced plans to invest between $60 billion and $65 billion in 2025 for the development of artificial intelligence-related computing infrastructure. Meta CEO Mark Zuckerberg has considered virtual reality (VR) and augmented reality (AR) as essential technologies for building the metaverse since acquiring Oculus for $2 billion in 2014. However, Wall Street has expressed concerns over Meta's substantial investments in the metaverse sector.