It also means investors have to buckle up for higher expenses. Meta raised the low end of its capital expenditures guidance for 2024 to $38 billion from $37 billion. The top end is still $40 billion.

"It's actually something that I'm quite happy that the team is executing well on," Zuckerberg said. "That execution makes me somewhat more optimistic that we're going to be able to keep on building this out at a good pace."