Meta continues to lose billions of dollars for Metavers, which he tries to build with virtual reality (VR) and augmented reality (AR) technologies. The company announced the fourth quarter financial results of 2024 and announced that the Reality LABS unit, which focuses on these studies, has recorded $ 4.97 billion operating damages. Reality Labs for the first time reported such a great damage. On the other hand, the unit was able to sell $ 1.1 billion.

Reality Labs continues to burn money

Reality Labs operates as Meta’s unit that develops devices such as Quest virtual reality headings and Ray-Ban Meta Smart Glasses. Meta CEO Mark Zuckerberg acquired Oculus for $ 2 billion in 2014 and started the company’s virtual reality. Since then, Zuckerberg has seen VR and AR technologies as key elements to improve Metaverse, the digital world of the future. Zuckerberg says Metaverse will be the next Great Information Platform.

Zuckerberg, Metaverse Big Dreams, even if the reality Labs, since 2020 since 2020 has recorded a business loss of more than $ 60 billion. Meta’s financial situation is quite powerful despite Reality Labs. In the fourth quarter of 2024, the company’s revenues were recorded as $ 48.39 billion, which corresponds to a 22 %increase compared to a year ago. The net profit reached $ 20.8 billion and increased by 43 %.

Meanwhile, Meta announced last week that it plans to invest between 60 and 65 billion dollars for capital expenditures for 2025 to expand the information infrastructure last week. This investment will be used to strengthen the company’s infrastructure in Artificial Intelligence (AI). Zuckerberg has set artificial intelligence at the center of the company’s metaverse targets, and products like Ray-Ban Meta Smart Glasses are part of this strategy. Last year, Meta also introduced the prototype of the augmented reality title Orion. This device has the ability to place digital objects in the real field of view of a person.