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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.
Meta loses another $3.8 billion on VR/AR
[GamesIndustry.biz]
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