Meta continues to hemorrhage billions of dollars in its pursuit of developing the metaverse as a business, with yet another quarter resulting in heavy losses. According to Meta’s financial report for Q1 2025, its Reality Labs segment suffered from a whopping $4.2 billion income loss from operations during a period that brought in just $412 million in revenue.
The Facebook founding tech giant says that its Reality Labs segment includes “virtual, augmented, and mixed reality related consumer hardware, software, and content.” Think Meta Quest headsets and Ray-Ban Meta AI glasses (which I’ll get to later).
