Blackstone (BX) Revenue — Quarter Ended Mar 31, 2023
Revenue decreased in the reporting quarter. The decline was sharper compared with the same quarter one year earlier, while the sequential drop from the immediately preceding quarter was more moderate.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue decreased in the reporting quarter. The decline was sharper compared with the same quarter one year earlier, while the sequential drop from the immediately preceding quarter was more moderate.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
-18.9%
Change from the immediately preceding quarter.
Year-over-year
-73.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.8B
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, 2022 | $629.2M | -88.1% |
| Sep 30, 2022 | $1.1B | -83.0% |
| Dec 31, 2022 | $1.7B | -70.4% |
| Mar 31, 2023 | $1.4B | -73.0% |
Revenue performance
The reported revenue continued a downward trajectory observed over recent quarters, with the latest figure lower than each of the prior several quarters.
Quarterly comparison
Compared with the immediately preceding quarter, revenue fell. When measured against the same quarter one year ago, the decrease was steeper.
What to watch
The persistent quarter-over-quarter revenue decline warrants attention to see if the downward trend stabilizes.