Meta is still insanely profitable. Last year alone, it made nearly $ 40 billion in profits, primarily from advertising. But it’s also costing billions of dollars to Reality Labs, the division responsible for Quest VR headsets, VR software, upcoming AR glasses, and other Metaverse-related initiatives. The division lost $ 10.2 billion last year and reported revenue of $ 2.3 billion. This is a statistic that includes reductions in quest sales and VR app purchases. Meta hasn’t announced the number of quests sold yet, but third-party estimates suggest that it’s about 10 million units.
