MetLife (MET) Revenue — Quarter Ended Mar 31, 2023
Revenue declined sharply from the prior period and from the same period one year earlier. The decrease was substantial, reversing the strong revenue reported in the preceding period.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined sharply from the prior period and from the same period one year earlier. The decrease was substantial, reversing the strong revenue reported in the preceding period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$562M
Revenue reported for this quarter.
Quarter-over-quarter
-96.4%
Change from the immediately preceding quarter.
Year-over-year
-96.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.4B
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 |
|---|---|---|
| Jun 30, 2022 | -$14.3B | -2887.9% |
| Sep 30, 2022 | $511M | -1.0% |
| Dec 31, 2022 | $15.6B | +2850.5% |
| Mar 31, 2023 | $562M | -96.4% |
Revenue performance
The reported revenue was significantly lower than both the immediately preceding period and the comparable period a year ago. This follows a period of exceptionally high revenue.
Quarterly comparison
Compared to the prior period, revenue fell dramatically, and compared to the same period a year earlier, it also experienced a steep decline.
What to watch
Given the volatility in recent quarterly revenue figures, continued monitoring of revenue trends is warranted.