Ares Management (ARES) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter increased from the immediately preceding period. However, it decreased compared to the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter increased from the immediately preceding period. However, it decreased compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$788.7M
Revenue reported for this quarter.
Quarter-over-quarter
+11.5%
Change from the immediately preceding quarter.
Year-over-year
-27.9%
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 |
|---|---|---|
| Sep 30, 2023 | $671.3M | -16.2% |
| Dec 31, 2023 | $1.1B | +12.4% |
| Mar 31, 2024 | $707.4M | -13.0% |
| Jun 30, 2024 | $788.7M | -27.9% |
Revenue performance
The sequential growth reversed the prior quarter's decline. The year-over-year contraction remains significant.
Quarterly comparison
Compared to the prior quarter, revenue improved. Versus the same quarter last year, revenue was lower.
What to watch
The year-over-year revenue decline warrants continued attention.