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Meta’s Reality Labs lost over $4 billion in first quarter

Summary by CNBC
In Meta's first-quarter earnings report, the company said Reality Labs recorded an operating loss of over $4 billion while bringing in $402 million in sales.

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On Wednesday, US technology Meta reported net profits of $26,773 million in the first quarter of 2026, 61% more year-on-year, driven by the advertising of its social media applications.

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CNBC broke the news in United States on Wednesday, April 29, 2026.
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