Meta Platforms (META) Construction in Progress (2022 - 2023)
Meta Platforms (META) posted quarterly 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.
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Meta Platforms (META) Construction in Progress (2022 - 2023) Analysis & Trends
Meta Platforms (META) has reported Construction in Progress for 2 consecutive years, with $1.4 billion the latest figure, recorded in Q4 2023.
- In Q4 2023, Construction in Progress fell 35.78% year-over-year to $1.4 billion; the TTM figure through Dec 2023 stood at $1.4 billion (down 35.78% YoY), while the FY2023 annual figure was $1.4 billion, down 35.78% from the prior year.
- Construction in Progress eased to $1.4 billion in Q4 2023 per META's latest filing, from $1.5 billion in the prior quarter.
- Across five years, Construction in Progress topped out at $2.2 billion in Q4 2022 and bottomed at $1.4 billion in Q4 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Construction in Progress (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | - |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | - |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | - |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | - |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | - | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | - |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | - |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | - | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | - |
| 10 | Snap | 9.26 Bn | 6.60 Bn | 931.11 Mn | - |
Historic Data
Download Data
Historic 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 |