Meta’s Reality Labs suffer $13.7 billion loss on VR and AR in 2021

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  • Meta’s quarterly earnings call this week showed minimal mentions of the “metaverse” compared to “AI”.
  • Despite this, Meta’s investment into its vision of a VR-connected social future remains large.
  • Starting in 2021, Meta began breaking out its Reality Labs VR investments and losses separately.
  • Last year, Meta’s Reality Labs suffered a $13.7 billion loss on VR and AR investments.