- Ey flags meta’s data-center accounting as high risk.
- Meta's auditor, EY, flagged a $27 billion data-center transaction with Blue Owl as a "critical audit matter," indicating significant risk.
- The deal involved moving the data center off Meta's balance sheet, though EY approved the accounting treatment.
- The joint venture, with Blue Owl owning 80% and Meta 20%, is for a large-scale AI data center campus in Louisiana.
- Lawmakers and investors have raised questions about Meta's control over the venture, potentially impacting financial reporting.
- Senators have cited the deal as an example of opaque AI-related financing.
Ey flags meta’s data-center accounting as high risk. Meta’s auditor, ey, has expressed concerns regarding a $27 billion data-center transaction. The deal, involving a joint venture with blue owl, was moved off the company’s balance sheet. While ey approved the accounting treatment, it designated the matter a “critical audit matter,” indicating significant judgment and risk. Lawmakers and investors have raised questions about meta’s level of control over the venture. This could potentially necessitate the assets and liabilities remaining on meta’s financial statements. Senators have also cited the deal as an example of opaque ai-related financing.
Feb 11, 2026, 5:39:39 PM UTC(5 hours ago)
Impact: MediumAffected Assets
Sources
From:@DeItaone
EY FLAGS META’S DATA-CENTER ACCOUNTING AS HIGH RISK
Meta’s auditor, EY, raised concerns over a $27 billion data-center deal moved off the company’s balance sheet into a joint venture with Blue Owl. While EY approved the treatment, it labeled it a “critical audit matter,” signaling high judgment and risk.
Lawmakers and investors have questioned whether Meta truly lacks control over the venture, which could require the assets and liabilities to stay on Meta’s books. Senators have also cited the deal as an example of opaque AI-related financing.
