Meta's AR/VR segment made £2.2bn in 2021 despite record operating loss
Reality Labs' operating loss amounted to $10.2 billion last year
Latest Virtual Reality articles
NDreams opens new studio for AAA VR games
UK-based NDreams Studio Elevation will offer hybrid remote/office model
Launching a VR game these days is "A perfect storm of shit"
17-bit's Jake Kazdal speaks frankly about the difficulty of launching the survival game Song in the Smoke last month
PlayStation VR 2 has 4K display, eye-tracking and headset feedback
First confirmed title is Horizon: Call of the Mountain, developed by Guerrilla and Firesprite
Vertigo Games' After The Fall earned $1.4m in 24 hours
The VR shooter sold more copies on day one than Arizona Sunshine in one month
People Can Fly acquires Incuvo
Outriders studio's third acquisition of the year is a Polish developer with a track record of VR ports on horror games
Sony's VR ambitions go far beyond PlayStation | Opinion
A new prototype headset shown off this week helps to explain Sony's ongoing commitment to PSVR -- as a powerful starting point for the company's wider plans
Oculus Quest to rebrand as Meta Quest in 2022
The change will be made progressively from early next year, with the Oculus App also becoming Meta Quest App
Growing leaps and bounds: Polyarc on the trajectory of VR and Moss
Polyarc's Lincoln Davis and Michael Felice on Moss: Book 2, the growth of the VR market, and what made Quill a star
VR to be a $51bn market by 2030, says GlobalData
Firm expects enterprise applications to grow the sector from last year's estimated total of $5 billion worldwide
Oculus' John Carmack skeptical about efforts to build the metaverse
Veteran developer calls it "a honeypot trap for architecture astronauts" during Facebook Connect keynote address
Oculus plans to remove Facebook account requirement
Company is currently testing “work accounts” for Quest headsets, to be introduced over the next year
Beat Saber passes $100m in revenue on Oculus Quest
The VR title was part of the Quest's launch lineup back in May 2019
Facebook changes name to Meta
Social network now referring to itself as a social technology company with a goal "to bring the metaverse to life"
Fast Travel Games aims to fill "great need for VR publishers"
CEO Oskar Burman discusses opportunities in a maturing virtual reality market as new publishing arm launches
XR Games raises £1.5 million
Leeds-based developer is to grow its team with 20 new hires, and develop its own IP
Ex-Codemasters CEO Frank Sagnier resurfaces at NDreams
Sagnier named non-executive chair of VR developer and publisher, will help drive towards "some very ambitious goals"
NDreams opens second studio to make live service VR games
New branch will be fully remote, follows creation of publishing arm earlier this year
Facebook halts Oculus Quest 2 sales
Company temporarily stops device sales to address skin irritation concerns
VR studio Fast Travel Games raises over $4m
Funding round led by Brightly Ventures, as well as existing owners
Best practices for developing VR games for theme parks
Gamitronics founder Rajat Ojha explains the subtleties of developing VR content for location-based experiences
VRChat closes $80m Series D funding round
Investment will be used to develop "a creator economy where members can earn" and bringing app to more platforms
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