UE5 packaged development build sizes are huge after moving from UE4

UE4:
Dedicated server (Development)- 277MB
Client (Development) - 430 MB

UE5:
Dedicated server (Development)- 1.77GB
Client (Development) - 1.96 GB

I am using the same configurations.
How can that be?

Am I doing something wrong or this is just the UE5 build sizes?

Thanks.