Meta's Reality Labs Loses $4.6 Billion in Q2 2026, Pushing Total Losses Toward $88 Billion

Meta's Reality Labs division reported a $4.6 billion loss in the second quarter of 2026, raising cumulative losses since the end of 2020 to approximately $88 billion, according to Meta's earnings report. This follows a $4 billion loss in Q1 2026 and persists despite Meta reducing its virtual reality initiatives earlier this year , including moving its main VR app, Horizon Worlds, into maintenance mode. Reality Labs generated $402 million in revenue in Q1 and $431 million in Q2.