The company announced Monday that Meta will host a new gaming showcase on June 1st for its Quest VR head-mounted displays. According to a blog post, the event will include “over 40-minutes of content” including game announcements and first looks as well as updates and a postshow and preshow.
The show will be Meta’s third annual Quest Gaming Showcase. The 2022 event took place in April and featured some cool games including Resident Evil 4, VR Among Us, as well as a new addition for Beat Sword. Meta is sure to have some great things planned for the event. However, some VR enthusiasts may still be upset that the company has decided to shut down and the highly praised echo VR.
The preshow will begin at 12:45PM ET and the main event at 1PM ET. The event will be broadcast on YouTube, Twitch and Facebook as well as the Horizon Worlds VR social platform.
The company’s financial reports suggest that VR sales are struggling. TechRadar (opens in a new tab) reports that Meta’s Reality Labs made $339 million revenue in Q3 2023, but also shared losses of $4 billion. The company’s losses have also increased, with a $2.9 billion loss in Q1 2022.
Meta Quest Pro is the company’s flagship VR headset. It was launched in October with an entry price of $1499, but that has since been reduced to $999, which still puts it up against some the best VR headsets available. Meta Quest Pro Reviews are mixed. It’s not surprising that some VR enthusiasts would prefer to stick to the more affordable Quest 2.
Meta is at a critical time. The company recently completed the buyout by Within, developer of VR fitness game Supernatural. It is also still struggling with to pivot to the metaverse. The Reality Labs division is still losing millions of dollars every quarter. It recently reduced the price for the Quest Pro to $999 in order to encourage adoption. This gaming event won’t change things, but it could sustain interest in Meta VR’s platform before new headsets are released.