Apollo Global Management (APO) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter ended June 30, 2024 decreased compared to the prior quarter and declined significantly from the same quarter a year earlier.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter ended June 30, 2024 decreased compared to the prior quarter and declined significantly from the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6B
Revenue reported for this quarter.
Quarter-over-quarter
-14.5%
Change from the immediately preceding quarter.
Year-over-year
-56.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$26.7B
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 |
|---|---|---|
| Sep 30, 2023 | $2.6B | -12.9% |
| Dec 31, 2023 | $11B | +824.4% |
| Mar 31, 2024 | $7B | +32.8% |
| Jun 30, 2024 | $6B | -56.1% |
Revenue performance
The reported revenue moved downward from the immediately preceding quarter, reversing the gain seen in that period.
Quarterly comparison
Compared with the same quarter one year ago, revenue was substantially lower; sequentially, the quarter-over-quarter change was also negative.
What to watch
The sequential decline follows a significant quarter-over-quarter increase in the prior period, so the sustainability of revenue trends warrants monitoring.