Here's how those losses panned out, for context: 2020 ($6.62 billion), 2021 ($10.19 billion), 2022 ($13.71 billion), 2023 ($16.12 billion), 2024 ($17.72 billion), 2025 ($19.19 billion). Despite the fact that Reality Labs has become more proficient at losing money than ushering in something even vaguely resembling the metaverse, Meta has remained bullish about the prospects and potential of the division. Indeed, layoffs have become commonplace within Reality Labs, with Meta regularly trimming its workforce while intimating its long-term plan was finally coming together. That said, Li also said "consumer adoption of VR has generally been on a slower growth path than wearables," which means Reality Labs must rebalance its portfolio. "I expect Reality Labs losses this year to be similar to last year, and this will likely be the peak as we start to gradually reduce our losses going forward," said Zuckerberg on an earnings call.