Meta CEO Mark Zuckerberg wears the Meta Ray-Ban Display glasses, as he delivers a speech presenting the new line of smart glasses, during the Meta Connect event at the company's headquarters in Menlo Park, California, U.S., Sept. 17, 2025.
Meta's efforts to create the digital worlds known as the metaverse continue to be costly.
The company reported fourth-quarter earnings on Wednesday, saying its Reality Labs unit recorded an operating loss of $6.02 billion on $955 million in sales. Analysts were expecting Reality Labs to record an operating loss of $5.67 billion on $940.8 million in fourth-quarter revenue.
Reality Labs' losses rose 21% year over year for the quarter, while sales grew 13% during the same period. The segment now has nearly $80 billion in total operating losses since late 2020.