Ares Management (ARES) Revenue — Quarter Ended Mar 31, 2024
Revenue for the most recent quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The filing includes standard risk factor disclosures and management discussion, but no specific causal factors are cited for the revenue change.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the most recent quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The filing includes standard risk factor disclosures and management discussion, but no specific causal factors are cited for the revenue change.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$707.4M
Revenue reported for this quarter.
Quarter-over-quarter
-32.9%
Change from the immediately preceding quarter.
Year-over-year
-13.0%
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 |
|---|---|---|
| Jun 30, 2023 | $1.1B | +81.8% |
| Sep 30, 2023 | $671.3M | -16.2% |
| Dec 31, 2023 | $1.1B | +12.4% |
| Mar 31, 2024 | $707.4M | -13.0% |
Revenue performance
Revenue decreased this quarter relative to the prior quarter. The decline also extended the year-over-year comparison as revenue was lower than the same period a year ago.
Quarterly comparison
Compared with the previous quarter, revenue was lower. When measured against the same quarter a year earlier, revenue also declined.
What to watch
The trend of revenue over recent quarters shows alternating increases and decreases, which may warrant attention to underlying drivers.