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PC Gamer
PC Gamer
Jeremy Laird

Meta lost $19.1 billion on VR last year despite the mother of all pivots to AI including plans for AI-generated gaming

Meta Mark Zuckerberg metaverse
Mark Zuckerberg wearing Meta Ray-Ban Display glasses.

A bottomless pit of money. This, as far as one can tell, appears to be the situation at Meta. Its latest earnings report (via TechCrunch) reveals the company burned another $19.1 billion on VR last year. Oh, and at the same time, it is reportedly planning to invest $135 billion in AI this year to include AI-generated games. Sorry, what?

Meta's losses on VR and what was once going to be the life-altering Metaverse are actually up on 2024, when it hosed $17.7 billion on the endeavour. Just for context, the VR division at Meta generated $2.2 billion in sales in 2025, which, to be frank, is more than I'd have thought.

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