The revenue and losses of Meta's AR/VR division are expected to increase following the launch of Quest 3. - UploadVR

Meta's Reality Labs, the division responsible for VR/AR projects, experienced a 39% decline in revenue in Q2 2023 compared to the same period in 2022. The operating losses for Reality Labs have also increased by 33%. The company expects these losses to continue to rise in 2024 due to ongoing product development in augmented reality/virtual reality. Despite the drop in revenue, the upcoming launch of Quest 3 is anticipated to bring excitement to the company's roadmap. For more detailed information, visit the source.

Source: https://www.uploadvr.com/metas-quarterly-ar-vr-revenue/