Metaverse division Reality Labs' third-quarter operating loss reached $3.74 billion

On October 26th, Meta's metaverse department Reality Labs reported an operating loss of $3.74 billion in the third quarter, with a cumulative loss of nearly $25 billion since the beginning of 2022. Reality Labs also stated that its operating losses in VR/AR will increase significantly year-on-year due to ongoing product development and investments to further expand the ecosystem.