Blackstone (BX) Revenue — Quarter Ended Jun 30, 2024
Revenue declined in the current quarter compared to the immediately preceding quarter. Despite the sequential decrease, revenue remained higher than the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q1
Revenue declined in the current quarter compared to the immediately preceding quarter. Despite the sequential decrease, revenue remained higher than 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
-24.2%
Change from the immediately preceding quarter.
Year-over-year
+102.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.3B
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, 2023 | $2.5B | +140.2% |
| Dec 31, 2023 | $1.3B | -24.6% |
| Mar 31, 2024 | $3.7B | +166.9% |
| Jun 30, 2024 | $2.8B | +102.4% |
Revenue performance
The reported revenue decreased from the prior quarter, reflecting a sequential contraction. The year-over-year comparison showed an increase relative to the same period a year ago.
Quarterly comparison
Revenue in the current quarter was lower than the immediately preceding quarter. However, revenue was higher than the same quarter one year earlier.
What to watch
The sequential revenue decline follows a strong prior quarter, and the filing context discusses management and advisory fee structures tied to asset-based calculations.