Ares Management (ARES) Revenue — Quarter Ended Sep 30, 2024
Revenue increased in the quarter. The growth was pronounced relative to both the immediately preceding period and the same quarter a year ago.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased in the quarter. The growth was pronounced relative to both the immediately preceding period 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
+43.2%
Change from the immediately preceding quarter.
Year-over-year
+68.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.7B
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, 2023 | $1.1B | +12.4% |
| Mar 31, 2024 | $707.4M | -13.0% |
| Jun 30, 2024 | $788.7M | -27.9% |
| Sep 30, 2024 | $1.1B | +68.3% |
Revenue performance
The reported revenue direction is upward. The company posted a higher revenue figure than in the prior quarter and the corresponding quarter one year earlier.
Quarterly comparison
The sequential increase follows a lower level in the prior quarter, while the year-over-year gain reflects a substantial improvement over the past twelve months.
What to watch
The filing notes management's view that the company's liquidity remains sufficient for foreseeable working capital needs.