Meta's Reality Labs Continues to Lose Billions of Dollars in Q1

Reality Labs, Meta’s branch responsible for VR, AR, and all kinds of realities, lost $3.84 billion during Q1 of the current fiscal year, continuing the trend from the past couple of years.

The division’s revenue saw $440 million, but Meta’s investment in it and desire to advance the metaverse business couldn’t compare. Still, it’s a better number than the $339 million in 2023 and a $4 billion loss in the same period last year.