Facebook owner Meta loses a billion per month on its AR/VR division, but believes it will be worth it

April 26, 2024
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Meta is continuing to plough billions of dollars into its AR/VR division Reality Labs, despite losses of more than $1bn every month for most of the last two years.

The Facebook and Meta Quest owner’s latest launch is a refreshed range of Ray-Ban Meta glasses, which shrink the company’s hardware into a pair of designer specs.

New features here include video calling and an AI that can respond to questions based on what you’re looking at. But Reality Labs as a whole is still nowhere close to turning a profit, and in its latest financial results has said it expects losses to increase as it deepens its investment.

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