The cost of building the metaverse is high.

MetaFacebook’s parent firm,. revealed the financialsThe first appearance of Reality Labs in the Q4 2021 earnings update on Wednesday.

This is the section of the company that is responsible for creating CEO Mark Zuckerberg’s vision for the metaverse. This includes hardware revenue, such as the Meta Quest virtual reality headset.

What’s Zuckerberg doing so far with his big pivot into the metaverse?

Reality Labs posted huge, rising losses in 2021, more than $10 Billion.

Here are the Net Losses for Meta’s Reality Labs during the entire period 2019-2021.

• 2019: $4.5 Billion net loss on revenue of $501 Million
• 2020: A net loss of $6.62B on revenues of $1.14B.
• 2021: A net loss of $10.19billion on revenues of $2.27billion

These losses will be similar to what Zuckerberg predicted last year when he said he was expecting to invest in Reality Labs. The spending is expected to increase if the current trends continue.

Meta’s year-end profitability was also affected by the losses. Reality Labs would have allowed the company to make more than $56billion in profits for last year.

Meta also has an advantage when it comes to building the metaverse. Reality Labs financials are another example. These projects are possible because it has unlimited money, which is unlike other metaverse competitors like Reality Labs. RobloxEpic Games.

Meta may need to complete the task for ten years before investors become impatient. According to executives, it may take 15 years before they realize the full potential of their vision. Meta will have plenty of time to look for growth opportunities and to switch to a new strategy.

Even Meta’s core business was disappointed Wednesday. After Reality Labs’ losses, shares plunged more than 20% Wednesday afternoon.