Blackstone (BX) Revenue — Quarter Ended Jun 30, 2023
Revenue increased sharply in the reported quarter, substantially exceeding the level of the immediately preceding quarter. The performance also marked a significant improvement compared to the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased sharply in the reported quarter, substantially exceeding the level of the immediately preceding quarter. The performance also marked a significant improvement 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
$2.8B
Revenue reported for this quarter.
Quarter-over-quarter
+103.7%
Change from the immediately preceding quarter.
Year-over-year
+347.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$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 |
|---|---|---|
| Sep 30, 2022 | $1.1B | -83.0% |
| Dec 31, 2022 | $1.7B | -70.4% |
| Mar 31, 2023 | $1.4B | -73.0% |
| Jun 30, 2023 | $2.8B | +347.3% |
Revenue performance
The reported revenue direction was strongly upward, reflecting a notable acceleration from the prior quarter's trend.
Quarterly comparison
Revenue was higher than the immediately preceding quarter and also higher than the same quarter one year prior, with both comparisons showing a substantial positive swing.
What to watch
Revenue is primarily driven by assets under management and the associated fee structure, making these key factors to monitor.