Meta Platforms (META) Construction in Progress (2022 - 2023)
Meta Platforms (META) reported Construction in Progress of $1.4 billion for Q4 2023, down 35.78% year-over-year from $2.2 billion in Q4 2022, and down 7.28% quarter-over-quarter from $1.5 billion in Q3 2023.
Meta Platforms (META) Construction in Progress (2022 - 2023) Analysis & Trends
Meta Platforms (META) has 2 years of Construction in Progress data on file, last reported at $1.4 billion in Q4 2023.
- Construction in Progress for Q4 2023 came in at $1.4 billion, down 35.78% year-over-year; the trailing twelve-month figure through Dec 2023 was $1.4 billion (down 35.78% YoY), and the FY2023 annual result was $1.4 billion, down 35.78% from the prior year.
- Construction in Progress fell to $1.4 billion in Q4 2023 per META's latest filing, from $1.5 billion in the prior quarter.
- Over five years, Construction in Progress peaked at $2.2 billion in Q4 2022 and troughed at $1.4 billion in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Construction in Progress (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 2,430,078.11 Bn | 2,430,078.11 Bn | 295.20 Mn | - |
| 2 | Alphabet | 4,448.32 Bn | 4,232.70 Bn | 102.29 Bn | - |
| 3 | Meta Platforms | 1,465.06 Bn | 1,383.88 Bn | 46.09 Bn | - |
| 4 | Spotify Technology | 113.19 Bn | 102.95 Bn | 1.75 Bn | - |
| 5 | 33.56 Bn | 30.79 Bn | 511.94 Mn | - | |
| 6 | 12.93 Bn | 11.63 Bn | 768.96 Mn | - | |
| 7 | Kanzhun | 12.77 Bn | 10.67 Bn | 255.62 Bn | - |
| 8 | Match | 8.28 Bn | 7.26 Bn | 653.28 Mn | - |
| 9 | Snap | 7.91 Bn | 5.08 Bn | 1.29 Bn | - |
| 10 | Zillow | 7.56 Bn | 6.78 Bn | 519.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 1.40 Bn |
| Sep 30, 2023 | 1.51 Bn |
| Jun 30, 2023 | 1.48 Bn |
| Mar 31, 2023 | 1.64 Bn |
| Dec 31, 2022 | 2.18 Bn |