[GaelFG]

I assume most of losses come from headsets R&D, and subjectively i would bet on them too, the progress are amazing, a today 350$ headset have better quality than 5 year ago 1500-2k ones. Honnestly I thinks VR/AR is becoming really amazing for games, if a quest 3 quality headset is available for less than 400$ in a year of two i'm expecting a massive adoption in a few years.

There is currently a bit of content problem : no enough gamer with headsets to attract spendings so no enough games to attracts gamers, so not enough gamers with headsets ...

But I went again on vr game development some months ago and the technical progress are really sweet and major downside are being removed.