PANews reported on January 30 that according to CNBC, Meta disclosed in its latest financial report that its Metaverse Reality Labs division recorded an operating loss of $4.97 billion and sales of $1.1 billion in the fourth quarter of 2024. Although the loss was lower than the $5.4 billion expected by analysts, Reality Labs has accumulated losses of more than $60 billion since 2020.

Last week, Meta announced plans to invest $60 billion to $65 billion in AI-related computing infrastructure by 2025.

Meta CEO Mark Zuckerberg has viewed VR and AR as core technologies for building the metaverse since acquiring Oculus for $2 billion in 2014. However, Wall Street has questioned Meta's huge investment in the metaverse.