Meta released its earnings report for Q4 2024 on Wednesday. According to the report, reality labs posted a loss of $ 4.97 billion (about Rs 43,040 crore) in Q4 2024. The Meta Assistant Company sold $ 1.1 billion (about Rs 9,526 crore) in sales during the same period. In 2024, the total revenue of the meta was $ 164.50 billion (about Rs 14,24,608 crore), representing 22 percent yoy growth compared to the previous year, the company said. Metaverse technology will see greater growth in future.
Reality Labs operating loss reaches $ 60 billion
With these numbers, the reality labs unit of the meta is now Allegedly Made in August 2020, the company suffered a $ 60 billion (about Rs 5,19,599 crore) operating losses.
Meta’s reality labs division is responsible for the conduct of research and development in the divisional reality (AR), virtual reality (VR), mixed reality (MR) – when joint, these technologies form the foundation of metavors ecosystems. The assistant company has constantly posted damage to the quarters as it was built.
During the latest earnings call, Zuckerberg Said It is one of the units of reality labs meta that has particularly contributed to its development. In an attempt to explain the disadvantage to reality labs, the Meta chief said, “Generic AI, reality labs are usually more technical organizations, which means high costs and spaces are relative to their commercial functions.”
Despite the loss, Zuckerberg Metavers remain optimistic about the future of technology. “This is also going to be an important year for metavors,” he said. “The number of people using Quest and Horizon is steadily increasing, and this is a year when many long -term investment we are working will make the metavors more visually surprising and inspiring.”
Reality labs lost $ 13.7 billion (about Rs 1,12,200 crore) in 2022. Last year, meta revealed That reality labs damaged $ 46.5 billion in Q4 2023, generating about 11 billion dollars (about 91,744 crore rupees).
In June 2024, Meta divided its reality labs team into two different institutions, one dedicated to the meta-focused quest headset and the other to hardware wearbals that Meta can launch in future. Some workers were also closed. A month later, the company posted the job opening in the Meta Metwor Content Leadership Team.
