Ares Management (ARES) Revenue — Quarter Ended Mar 31, 2023
Revenue declined in the current quarter compared to the prior quarter. Compared to the same quarter a year earlier, revenue rose over the trailing twelve-month average exceeds the current quarterly figure.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 FY
Revenue declined in the current quarter compared to the prior quarter. Compared to the same quarter a year earlier, revenue rose over the trailing twelve-month average exceeds the current quarterly figure.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$813.4M
Revenue reported for this quarter.
Quarter-over-quarter
-13.3%
Change from the immediately preceding quarter.
Year-over-year
+13.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.2B
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 |
|---|---|---|
| Jun 30, 2022 | $601.4M | -53.6% |
| Sep 30, 2022 | $801.3M | -15.5% |
| Dec 31, 2022 | $937.7M | -28.4% |
| Mar 31, 2023 | $813.4M | +13.8% |
Revenue performance
Revenue decreased versus the immediately preceding quarter. The trailing twelve-month total was higher than the current quarter's revenue.
Quarterly comparison
Compared with the preceding quarter, revenue decreased. Compared with the same quarter one year earlier, revenue increased.
What to watch
The sequential decline in revenue may warrant monitoring of near-term performance trends.