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Quest 3 Launch Drove Highest Ever Meta Reality Labs Quarterly Revenue, Over $1 Billion
Meta's AR/VR division achieved its highest quarterly revenue yet following Quest 3's launch, more than $1 billion for the first time.
Meta CFO Susan Li said this record revenue was "driven by Quest 3 sales over the holiday season". Li told investors she expects these losses to increase meaningfully over the next year due to "ongoing product development efforts in augmented reality/virtual reality and our investments to further scale our ecosystem". Mark Zuckerberg has in the past told investors that he doesn't expect Reality Labs to be profitable until the 2030s, seeing it as a long-term investment in the future of computing.
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