Meta Platforms (META) Asset Writedowns and Impairment (2012 - 2024)
Meta Platforms (META) posted quarterly Asset Writedowns and Impairment of $95.0 million for Q4 2024, down 91.28% year-over-year from $1.1 billion in Q1 2024, and up 1087.5% quarter-over-quarter from $8.0 million in Q3 2024.
Meta Platforms (META) Asset Writedowns and Impairment (2012 - 2024) Analysis & Trends
Meta Platforms (META) has reported Asset Writedowns and Impairment for 4 consecutive years, with $95.0 million the latest figure, recorded in Q4 2024.
- In Q4 2024, Asset Writedowns and Impairment fell 91.28% year-over-year to $95.0 million; the TTM figure through Dec 2024 stood at $383.0 million (down 84.25% YoY), while the FY2024 annual figure was $383.0 million, down 84.25% from the prior year.
- Asset Writedowns and Impairment advanced to $95.0 million in Q4 2024 per META's latest filing, from $8.0 million in the prior quarter.
- Across five years, Asset Writedowns and Impairment topped out at $1.8 billion in Q4 2022 and bottomed at $8.0 million in Q3 2024.
- Historically, Asset Writedowns and Impairment has averaged $503.5 million across 3 years, with a median of $290.0 million in 2023.
- Annual changes were most pronounced in 2023 — Asset Writedowns and Impairment dropped 17.68% — and 2024, when it plunged 97.65%.
- Meta Platforms' Asset Writedowns and Impairment stood at $1.8 billion in 2022, then plunged by 39.68% to $1.1 billion in 2023, then sank by 91.28% to $95.0 million in 2024.
- Business Quant data shows META's Asset Writedowns and Impairment at $95.0 million in Q4 2024, $8.0 million in Q3 2024, and $40.0 million in Q2 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,253.82 Bn | 3,824.78 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,547.24 Bn | 1,456.98 Bn | 49.47 Bn |
| 3 | Taboola.com | 1,143.24 Bn | 1,143.10 Bn | 139.48 Mn |
| 4 | Baidu | 289.38 Bn | 284.89 Bn | 1.88 Mn |
| 5 | Spotify Technology | 104.13 Bn | 93.89 Bn | 1.75 Bn |
| 6 | Joyy | 78.78 Bn | 77.89 Bn | 205.64 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 |
| 8 | Nebius | 49.42 Bn | 39.80 Bn | 295.20 Mn |
| 9 | 30.76 Bn | 27.97 Bn | 734.60 Mn | |
| 10 | Tencent Music Entertainment | 27.82 Bn | 25.12 Bn | 514.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 95.00 Mn |
| Dec 31, 2024 | 95.00 Mn |
| Sep 30, 2024 | 8.00 Mn |
| Sep 30, 2024 | 8.00 Mn |
| Jun 30, 2024 | 40.00 Mn |
| Jun 30, 2024 | 40.00 Mn |
| Mar 31, 2024 | 240.00 Mn |
| Mar 31, 2024 | 240.00 Mn |
| Dec 31, 2023 | 1.09 Bn |
| Dec 31, 2023 | 1.09 Bn |
| Sep 30, 2023 | 340.00 Mn |
| Sep 30, 2023 | 340.00 Mn |
| Jun 30, 2023 | 232.00 Mn |
| Jun 30, 2023 | 232.00 Mn |
| Mar 31, 2023 | 770.00 Mn |
| Mar 31, 2023 | 770.00 Mn |
| Dec 31, 2022 | 1.81 Bn |
| Dec 31, 2022 | 1.81 Bn |
| Sep 30, 2022 | 413.00 Mn |
| Sep 30, 2022 | 413.00 Mn |