Key Facts on Meta Platforms’ Cloud Business Plans
Meta Platforms (NASDAQ: META) is reportedly developing a new cloud business aimed at offering AI computing power and models, as reported by Bloomberg on Wednesday. This initiative is internally referred to as “Meta Compute,” and aims to compete with major cloud services from Amazon and Microsoft. Shares rose 8.8% to $612.91 following the news.
Management has projected capital expenditures for 2026 to reach between $125 billion and $145 billion, a significant increase from $72.2 billion in 2025. First-quarter revenue saw a 33% year-over-year rise, amounting to $56.3 billion, an acceleration from the previous quarter’s 24% growth. However, the cloud plans are still in development, with no official announcements made yet by Meta.
While focusing on these expansions, CEO Mark Zuckerberg indicated the possibility of monetizing excess computing capacity if Meta builds more data centers than needed. Currently, the company lacks a cloud computing arm to rent out infrastructure, making the proposed cloud venture a potential shift in revenue strategy away from solely relying on advertising.
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