Blackstone (BX) Revenue — Quarter Ended Dec 31, 2023
The reported revenue for the latest quarter fell sharply. The decline was evident relative to both the immediately preceding quarter and the same period one year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
The reported revenue for the latest quarter fell sharply. The decline was evident relative to both the immediately preceding quarter and the same period one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.3B
Revenue reported for this quarter.
Quarter-over-quarter
-49.4%
Change from the immediately preceding quarter.
Year-over-year
-24.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$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 |
|---|---|---|
| Mar 31, 2023 | $1.4B | -73.0% |
| Jun 30, 2023 | $2.8B | +347.3% |
| Sep 30, 2023 | $2.5B | +140.2% |
| Dec 31, 2023 | $1.3B | -24.6% |
Revenue performance
The quarter's revenue was lower than the previous quarter's level, reflecting a substantial sequential drop. Compared to the same quarter a year ago, revenue also contracted.
Quarterly comparison
The sequential decline was pronounced, and the year-over-year comparison also reflected a downturn. The magnitude of the quarter-over-quarter decrease was larger than the year-over-year change.
What to watch
The substantial sequential revenue drop warrants close attention to upcoming revenue trends.