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Meta’s lost over $9 billion on Reality Labs this year so far

Article by Sara Lebow  |  Oct 28, 2022
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Meta’s lost over $9 billion on Reality Labs this year so far
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Augmented & Virtual Reality
Worldwide

For more insights and key statistics on the biggest trends in today’s most disruptive industries, subscribe to our Chart of the Day newsletter.

Meta reported $3.67 billion in operating losses from Reality Labs this past Q3, following a deficit of $5.77 billion in H1 2022. That’s a total of $9.44 billion in losses from Meta’s division for augmented and virtual reality (AR/VR) hardware and software.

Revenues and Operating Losses for Meta's Reality Labs Division, Q4 2020-Q2 2022 (billions)
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Beyond the chart: The company said it anticipates these losses will “grow significantly” in 2023, but it considers these losses an investment in long-term growth.

While Meta remains committed to the tech, as our principal analyst Yoram Wurmser writes, “there may not be enough potential VR users to support Meta’s vision of the metaverse.”

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Read Friday’s Chart of the Day here.

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