Developing
Business·4/30/2026AI summary
Meta's Reality Labs Has Lost $83.5 Billion Over 21 Quarters
Meta reported Q1 2026 earnings showing $26.8B net income and $56.3B revenue, but Reality Labs lost $4B — the same as its 21-quarter average totaling $83.5B. The company projects 2026 capital expenditures of $125-145B for AI infrastructure, exceeding analyst expectations.
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