EssilorLuxottica reports third-quarter revenue of €7.486 billion

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After cumulative losses of about $96.3 billion, Meta Reality Labs shifts its focus to AI glasses and personal superintelligence

Meta's financial report for the third quarter of fiscal year 2026 shows that the Reality Labs division had revenue of $443 million and an operating loss of $4.129 billion, with the loss narrower than market expectations, bringing cumulative losses since 2020 to about $96.3 billion. Meta CFO Susan Li said the narrowing loss mainly came from revenue growth in AI glasses, partially offsetting the decline in Quest headset sales. Zuckerberg said on the earnings call that the pace of VR hardware iteration will slow, personal superintelligence has become the focus of Reality Labs' business, MUSE will be integrated into Meta smart glasses starting next month, and paid subscriptions are expected to increase.

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