Meta's Reality Labs Has Now Burned Through $91 Billion in Cumulative Losses
As seen on the 24/7 Wall St. homepage on October 31, 2026.
The metaverse bet has burned roughly $91 billion with no profit date in sight, and that bill keeps growing while AI capex climbs alongside it.
Meta has now lost a cumulative ~$91 billion from Reality Labs. $META https://t.co/43yJU7doRn
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Roughly $91 billion in cumulative losses at Reality Labs, Meta's virtual and augmented reality unit, reflects years of heavy investment that has yet to produce a profitable quarter.
That number keeps climbing, and it is doing so at the same time Meta is committing to significant artificial intelligence capital expenditures elsewhere in the business. Investors are effectively funding two massive spending programs simultaneously, with only one of them showing a clear path to returns.
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Losses of that scale with no profit date disclosed put pressure on management to either demonstrate progress or revisit the commitment. How the company frames Reality Labs spending in upcoming earnings reports will be worth watching closely.
Mentioned: META