MetLife (MET) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential gain was modest, while the year-over-year rise was more pronounced.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential gain was modest, while the year-over-year rise was more pronounced.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$554M
Revenue reported for this quarter.
Quarter-over-quarter
+1.5%
Change from the immediately preceding quarter.
Year-over-year
+8.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.3B
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 |
|---|---|---|
| Dec 31, 2022 | $15.6B | +2850.5% |
| Mar 31, 2023 | $562M | -96.4% |
| Jun 30, 2023 | $546M | +103.8% |
| Sep 30, 2023 | $554M | +8.4% |
Revenue performance
Reported revenue moved higher from the immediately preceding quarter, continuing an upward trajectory after a sharp decline earlier in the fiscal year.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was higher, reflecting a stronger year-over-year performance than the sequential change. The trailing twelve-month revenue remained substantial.
What to watch
The revenue level remains well below the figure reported at the end of the prior fiscal year, warranting attention to the sustainability of the recent recovery.