Top 10 Metaverse Companies in the Technology Industry

Annual Revenue: US$134.9bn (2023)

HQ location: Menlo Park, California, USA

CEO: Mark Zuckerberg

Meta has positioned itself as a leader in the metaverse space.

Formerly known as Facebook, the American multinational technology organisation has successfully built an empire of social media platforms, including Facebook, Instagram, Threads and Whatsapp, in addition to other services. The company rebranded in 2021 to reflect its focus on building the metaverse, investing billions in virtual and augmented reality technologies. Meta’s Horizon Worlds platform allows users to create and explore virtual spaces, while its Quest VR headsets provide immersive experiences.

Having turned 20 years old in 2024, the company continues to develop advanced AR and VR hardware such as its Quest 3 headset, aiming to make the metaverse more accessible and engaging for users worldwide. The company believes that the metaverse will work to transform crucial industries worldwide, including education, healthcare, mechanics, and engineering.