Digital Realty Trust (DLR) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined compared to the immediate prior quarter. On a year-over-year basis, revenue increased significantly versus the same quarter one year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter declined compared to the immediate prior quarter. On a year-over-year basis, revenue increased significantly versus the same quarter one year earlier.
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
-2.3%
Change from the immediately preceding quarter.
Year-over-year
+11.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.5B
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 | $1.3B | +18.8% |
| Jun 30, 2023 | $1.4B | +19.9% |
| Sep 30, 2023 | $1.4B | +17.6% |
| Dec 31, 2023 | $1.4B | +11.1% |
Revenue performance
The reported revenue moved downward from the preceding quarter, marking a sequential contraction. However, the trailing twelve-month revenue remained elevated relative to the prior fiscal year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased. Compared with the same quarter one year earlier, revenue rose at a healthy rate.
What to watch
The sequential decline warrants attention, though the year-over-year gain suggests sustained demand.