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13 days ago

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Meta is losing a billion dollars on VR and AR every single month.

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Meta is losing a billion dollars on VR and AR every single month.

GamesIndustry.biz did the math to put it in perspective: Zuck's Reality Labs has burned a billion dollars every month since June 2022, and plans to spend even more: “We continue to expect operating losses to increase meaningfully year-over-year,” CFO Susan Li said on the Q1 earnings call. Meta is plenty profitable overall, though: it raked in $12 billion last quarter alone.

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Meta is losing a billion dollars on VR and AR every single month.

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Meta is losing a billion dollars on VR and AR every single month.

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