Reality Labs bleed grows but Zuckerberg vows ‘pivotal year’ for metaverse
Meta’s metaverse-building Reality Labs operating losses last year rose 10% to $17.7 billion, taking its total losses since 2020 to over $60 billion.
Reality Labs, the research arm of social media giant Meta Platforms, bled even more billions over the last quarter, but Meta boss Mark Zuckerberg says 2025 is the year for the metaverse.
Meta’s fourth-quarter and full-year results for 2024, shared on Jan. 29, show Reality Labs’ Q4 operating losses hit $4.97 billion, while it brought in just over $1 billion in revenue.
Its full-year 2024 revenue jumped 13% year-on-year to $2.15 billion while operating losses rose 10% to $17.73 billion. Reality Labs has now lost over $60 billion since 2020.
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Author: Martin Young
