Apollo Global Management (APO) Revenue — Quarter Ended Sep 30, 2023
Revenue declined sharply in the quarter, moving opposite to the prior sequential increase. The figure also fell compared with the same period one year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined sharply in the quarter, moving opposite to the prior sequential increase. The figure also fell compared with the same period one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.6B
Revenue reported for this quarter.
Quarter-over-quarter
-81.1%
Change from the immediately preceding quarter.
Year-over-year
-12.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$26.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $4.8B | +305.1% |
| Mar 31, 2023 | $5.3B | +515.0% |
| Jun 30, 2023 | $13.7B | +499.4% |
| Sep 30, 2023 | $2.6B | -12.9% |
Revenue performance
Revenue for the quarter was well below the immediately preceding period, which had shown a substantial increase. The year-over-year comparison also reflected a decrease.
Quarterly comparison
Compared with the prior quarter, revenue reversed course from a strong gain to a marked decline. Relative to the same quarter last year, the result was lower.
What to watch
The magnitude of the sequential decline may warrant monitoring for any change in underlying business trends.