Ares Management (ARES) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter decreased compared to both the prior quarter and the same quarter a year earlier. The decline was notable in both comparisons.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter decreased compared to both the prior quarter and the same quarter a year earlier. The decline was notable in both comparisons.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$671.3M
Revenue reported for this quarter.
Quarter-over-quarter
-38.6%
Change from the immediately preceding quarter.
Year-over-year
-16.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.5B
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 | $937.7M | -28.4% |
| Mar 31, 2023 | $813.4M | +13.8% |
| Jun 30, 2023 | $1.1B | +81.8% |
| Sep 30, 2023 | $671.3M | -16.2% |
Revenue performance
The reported revenue direction was downward, marking a reversal from the strong growth seen in the immediately preceding quarter.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. When measured against the same quarter one year prior, revenue also declined.
What to watch
Revenue has shown considerable variation across recent quarters, with alternating periods of growth and decline.