
What you need to know
- Meta earned $51.2 billion in revenue, mainly advertising, but just $2.7 billion in net income thanks to a One Beautiful Bill income tax and AI infrastructure CapEx.
- Reality Labs lost $4.4 billion this quarter, and is expected to do worse next quarter without a new Meta Quest launch.
- Instagram and Threads user count rose to 3 billion and 150 million, respectively.
- The company will continue to invest tens of billions in Meta Superintelligence Labs in 2026, and may lose money on lawsuits related to child safety.