Meta Reality Labs posts a $4 billion loss in Q1 as cumulative losses hit $80 billion

Meta’s Reality Labs posted $402 million in Q1 revenue but a $4.03 billion operating loss.

Cumulative losses since the end of 2020 have topped $80 billion, underscoring the unit’s heavy drag.

The loss was smaller than market expectations, but Meta is putting more emphasis on AI than the metaverse.

The numbers highlight ongoing pressure on Meta’s long-term strategy and capital allocation.