Blackstone (BX) Revenue — Quarter Ended Sep 30, 2023
The company reported a decline in revenue for the quarter. The result was lower than the prior quarter but substantially higher than the same quarter a year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
The company reported a decline in revenue for the quarter. The result was lower than the prior quarter but substantially higher than the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.5B
Revenue reported for this quarter.
Quarter-over-quarter
-9.7%
Change from the immediately preceding quarter.
Year-over-year
+140.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.4B
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, 2022 | $1.7B | -70.4% |
| Mar 31, 2023 | $1.4B | -73.0% |
| Jun 30, 2023 | $2.8B | +347.3% |
| Sep 30, 2023 | $2.5B | +140.2% |
Revenue performance
Revenue for the quarter decreased compared with the immediately preceding quarter, reflecting a sequential downturn.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was markedly higher, indicating strong year-over-year growth.
What to watch
The sequential decline in revenue contrasts with the sharp year-over-year increase, making the near-term revenue trend a key point to monitor.