{"id":4495,"date":"2022-07-28T03:34:11","date_gmt":"2022-07-28T03:34:11","guid":{"rendered":"https:\/\/metaverseplanet.net\/blog\/?p=4495"},"modified":"2025-12-30T08:29:03","modified_gmt":"2025-12-30T08:29:03","slug":"meta-lost-2-8-billion-in-metaverse-department","status":"publish","type":"post","link":"https:\/\/metaverseplanet.net\/blog\/meta-lost-2-8-billion-in-metaverse-department\/","title":{"rendered":"Meta Lost $2.8 Billion in Metaverse Department"},"content":{"rendered":"\n<p><strong>In its latest earnings report, Meta has disclosed a substantial loss of $2.8 billion within its metaverse division.<\/strong><\/p>\n\n\n\n<p>The financial statement, released today, highlights the performance of <strong><em><a href=\"https:\/\/metaverseplanet.net\/blog\/tag\/meta-news-and-content\/\" data-type=\"post_tag\" data-id=\"74\">Meta<\/a><\/em><\/strong>&#8216;s Facebook Reality Labs (FRL) division, encompassing augmented and virtual reality operations, which incurred the reported loss of $2.81 billion during the second quarter.<\/p>\n\n\n\n<p>It is noteworthy that analysts had projected a slightly higher loss of $3.67 billion for this period.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" width=\"660\" height=\"439\" src=\"https:\/\/metaverseplanet.net\/blog\/wp-content\/uploads\/2023\/12\/Shock-to-Mark-Zuckerberg-Amazons-Metaverse-Move.webp\" alt=\"Meta Lost $2.8 Billion in Metaverse Department\" class=\"wp-image-9540\" style=\"width:750px\" srcset=\"https:\/\/metaverseplanet.net\/blog\/wp-content\/uploads\/2023\/12\/Shock-to-Mark-Zuckerberg-Amazons-Metaverse-Move.webp 660w, https:\/\/metaverseplanet.net\/blog\/wp-content\/uploads\/2023\/12\/Shock-to-Mark-Zuckerberg-Amazons-Metaverse-Move-300x200.webp 300w, https:\/\/metaverseplanet.net\/blog\/wp-content\/uploads\/2023\/12\/Shock-to-Mark-Zuckerberg-Amazons-Metaverse-Move-150x100.webp 150w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/figure>\n\n\n\n<p>While FRL generated $695 million in revenue during the first quarter, this figure dwindled to $452 million in the second quarter, constituting a small fraction of Meta&#8217;s overall revenue of $28.4 billion.<\/p>\n\n\n\n<p>Despite the financial setback, Meta anticipates a further decline in Reality Labs revenue during the third quarter compared to the second quarter. <strong><em><a href=\"https:\/\/metaverseplanet.net\/blog\/tag\/mark-zuckerberg\/\" data-type=\"post_tag\" data-id=\"160\">Mark Zuckerberg<\/a><\/em><\/strong>, the CEO of Meta, emphasized the company&#8217;s intensified focus on metaverse and the real growth it envisions.<\/p>\n\n\n\n<p>Zuckerberg had previously mentioned, during the first-quarter report, that the company&#8217;s metaverse endeavors have successfully laid a strong foundation for the developments expected in the 2030s.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">You may also like this content<\/h3>\n\n\n<ul class=\"wp-block-latest-posts__list wp-block-latest-posts\"><\/ul>","protected":false},"excerpt":{"rendered":"<p>In its latest earnings report, Meta has disclosed a substantial loss of $2.8 billion within its metaverse division. The financial statement, released today, highlights the performance of Meta&#8216;s Facebook Reality Labs (FRL) division, encompassing augmented and virtual reality operations, which incurred the reported loss of $2.81 billion during the second quarter. It is noteworthy that &hellip;<\/p>\n","protected":false},"author":1,"featured_media":4496,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAown96uCw:productID":"","footnotes":""},"categories":[322],"tags":[74,318],"class_list":["post-4495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metaverse1","tag-meta-news-and-content","tag-metaverse-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts\/4495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/comments?post=4495"}],"version-history":[{"count":0,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts\/4495\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/media\/4496"}],"wp:attachment":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/media?parent=4495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/categories?post=4495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/tags?post=4495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}