Meta CEO Mark Zuckerberg and Meta President and Vice Chair Dina Powell McCormick attend the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 9, 2026.
Brendan McDermid | Reuters
Meta’s Reality Labs unit, which develops virtual reality devices and wearables powered by AI, lost $4.62 billion in the latest quarter.
In its second-quarter earnings report on Wednesday, Meta said Reality Labs generated revenue of $431 million, up from $370 million a year earlier, while its operating loss widened from $4.53 billion a year ago. Analysts polled by StreetAccount were expecting a second-quarter loss of $5.07 billion on revenue of $423.4 million.
