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Meta reports Reality Labs Q1 revenue of 402M, vs. 488.8M est., and a 4.03B operating loss, vs. 4.82B est.; Reality Labs has $80B+ in losses since late 2020 (Jonathan Vanian/CNBC)
Jonathan Vanian / CNBC: Meta reports Reality Labs Q1 revenue of 402M, vs. 488.8M est., and a 4.03B operating loss, vs. 4.82B est.; Reality Labs has $80B+ in losses since late 2020 — As Meta pumps incr
Jonathan Vanian / CNBC: Meta reports Reality Labs Q1 revenue of 402M, vs. 488.8M est., and a 4.03B operating loss, vs. 4.82B est.; Reality Labs has $80B+ in losses since late 2020 — As Meta pumps increasing amounts of cash into artificial intelligence, the company's metaverse efforts continue to bleed money.
Source: Techmeme | 2026-04-29