The report, and the scheduled investor call, gives investors another opportunity to find out whether the company’s lavish spending on AI infrastructure is justified. The company projected full-year total expenses would be between $116m and $118bn, upping the lower end of the range from $114bn. The company also expects 2025 capital expenditures to be between $70bn and $72bn, up from a previously projected range of $66bn and $72bn. Meta said its fourth-quarter revenue would likely fall somewhere between $56bn and $59bn.