2026 has been a tough innings for Meta's Reality Labs division. From the word go in January, it's seen lay-offs, studio closures, price hikes on its popular VR headsets, and yet more layoffs. It doesn't seem like things are getting any better yet, as it's just been revealed this segment of the Facebook company lost $4.6 billion in the second quarter of 2026.
The numbers were shown in a Q2 earnings call that showed Reality Labs' continual losses flow even further from the 4.03 billion it lost in Q1. It may surprise you to learn that these numbers are actually par for the course in terms of quarterly losses from Reality Labs since 2023. Its worst-performing quarter ever was Q4 of 2025 when it lost $6.02 billion, so you can see why drastic measures were taken at the start of 2026.
