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 metaverse-related losses since late 2020 have climbed to roughly $88 billion, underscoring the unit’s heavy cost burden.

Meta has dialed back its metaverse push, cut jobs in the division, and put Horizon Worlds into maintenance mode.

The company is now betting on AI and smart glasses as its next major growth areas.