Ares Management (ARES) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased substantially. This performance marks a strong improvement compared with both the preceding quarter and the same quarter a year ago.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased substantially. This performance marks a strong improvement compared with both the preceding quarter and the same quarter a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
+34.4%
Change from the immediately preceding quarter.
Year-over-year
+81.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.6B
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, 2022 | $801.3M | -15.5% |
| Dec 31, 2022 | $937.7M | -28.4% |
| Mar 31, 2023 | $813.4M | +13.8% |
| Jun 30, 2023 | $1.1B | +81.8% |
Revenue performance
The reported revenue rose, reflecting a positive trend for the period.
Quarterly comparison
Revenue surpassed that of the immediately preceding quarter and was significantly higher compared with the same quarter one year earlier.
What to watch
The filing context does not specify the drivers behind the revenue change.