Facebook parent company Meta platform today released its fourth-quarter 2021 financial report. According to the financial report, the “Reality Lab” division of Meta’s Metaverse business will have an operating loss of more than 10 billion US dollars (about 63.6 billion yuan) in 2021.
The Reality Labs unit is responsible for the vision of building a metaverse for Meta CEO Mark Zuckerberg. It also includes hardware revenue, such as the Meta Quest virtual reality headset.
The financial report shows that in 2021, Meta Reality Lab’s revenue will be $2.27 billion, with an operating loss of $10.19 billion. This loss is consistent with the scale of Zuckerberg’s investment in Reality Labs last year.
In 2020, Meta Reality Labs posted an operating loss of $6.62 billion on revenue of $1.14 billion. In 2019, Meta Reality Labs posted an operating loss of $4.5 billion on revenue of $501 million.