E04¶


Research	R0005 — AI Company Profitability Before 2030
Run	2026-03-17
Query	Q001 — Are any of the major AI companies expected to turn a profit before 2030?
Source	SRC03
Evidence	SRC03-E04
Type	Factual

Meta Revenue Growth, Reality Labs Losses, and Capex

URL: Not captured — experimental run

Extract¶

Meta's revenue grew 22% in 2025, but the company's Reality Labs division has accumulated losses exceeding $70 billion since 2020. Meta guided 2026 capital expenditure of $115-135 billion, heavily weighted toward AI infrastructure. While Meta is profitable at the corporate level, its AI and metaverse investments are significantly dilutive.

Relevance to Hypotheses¶

Hypothesis	Relationship	Strength
H1	Neutral	Weak
H2	Supports	Moderate
H3	Supports	Strong