Meta is still burning money on AR/VR
techcrunch.com Apr 30, 2026

Meta is still burning money on AR/VR

AI-summarised brief · reviewed before publication

Meta's Reality Labs division has lost a total of $83.5 billion over 21 quarterly earnings reports, averaging $4 billion in losses each quarter. Despite this, the company's net income increased 61% to $26.8 billion in the first quarter of this year, with revenue rising 33% to $56.3 billion. Meta is shifting focus to AI, projecting $125-145 billion in spending for 2026, exceeding analysts' estimates.

💡 Why It Matters

  • · Meta's astronomical losses on Reality Labs are a stark contrast to its massive profits in other areas, highlighting the company's willingness to invest heavily in emerging technologies like AI, even if it means continued financial losses in other areas.