MetLife (MET) Revenue — Quarter Ended Jun 30, 2023
Revenue declined from the prior quarter but rose sharply compared to the same period last year. The decrease from the preceding quarter reflects a moderation after a substantial increase in the prior period.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue declined from the prior quarter but rose sharply compared to the same period last year. The decrease from the preceding quarter reflects a moderation after a substantial increase in the prior period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$546M
Revenue reported for this quarter.
Quarter-over-quarter
-2.8%
Change from the immediately preceding quarter.
Year-over-year
+103.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.2B
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, 2022 | $511M | -1.0% |
| Dec 31, 2022 | $15.6B | +2850.5% |
| Mar 31, 2023 | $562M | -96.4% |
| Jun 30, 2023 | $546M | +103.8% |
Revenue performance
The reported revenue for the current quarter was lower than the immediately preceding quarter, indicating a sequential contraction. However, compared to the same quarter one year earlier, revenue showed a strong increase.
Quarterly comparison
The quarter-over-quarter decline contrasts with the year-over-year growth, highlighting a mixed performance. The year-ago comparison shows a significant improvement, while the sequential comparison reveals a pullback.
What to watch
The large swing in revenue between recent quarters may be an area to monitor for underlying trends.