tech

April 29, 2026

Meta's Reality Labs lost over $4 billion in first quarter

In Meta's first-quarter earnings report, the company said Reality Labs recorded an operating loss of over $4 billion while bringing in $402 million in sales.

Meta's Reality Labs lost over $4 billion in first quarter

TL;DR

  • Meta's Reality Labs division lost $4.03 billion in operating loss on $402 million in sales in the first quarter.
  • Reality Labs has accumulated over $80 billion in operating losses since late 2020.
  • Meta is shifting focus and resources from metaverse efforts to AI development.
  • The company has implemented layoffs within Reality Labs and other departments, with plans to eliminate 10% of its workforce.
  • The success of AI-powered smart glasses is influencing the reallocation of VR resources to AI wearables.

Continue reading the original article