Meta's Reality Labs division lost $4.6 billion in Q2 2026, pushing total losses toward $88 billion

Meta’s Reality Labs posted a $4.6 billion loss in Q2 2026, following a $4 billion loss in Q1.

Cumulative losses since late 2020 have reached nearly $88 billion, while two quarters of revenue totaled only a few hundred million dollars.

Meta has deprioritized the metaverse, cut jobs in the unit, and moved Horizon Worlds into maintenance mode.

The company is shifting focus toward AI products and smart glasses, underscoring a broader pivot in strategy.