MetLife (MET) Revenue — Quarter Ended Mar 31, 2024
Revenue declined sharply from the immediately preceding quarter, but posted a modest increase compared to the same quarter one year earlier. The large sequential drop reflects a notable shift in the quarter's revenue level.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue declined sharply from the immediately preceding quarter, but posted a modest increase compared to the same quarter one year earlier. The large sequential drop reflects a notable shift in the quarter's revenue level.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$577M
Revenue reported for this quarter.
Quarter-over-quarter
-97.0%
Change from the immediately preceding quarter.
Year-over-year
+2.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$20.7B
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, 2023 | $546M | +103.8% |
| Sep 30, 2023 | $554M | +8.4% |
| Dec 31, 2023 | $19B | +21.9% |
| Mar 31, 2024 | $577M | +2.7% |
Revenue performance
Revenue for the quarter was lower than the prior quarter, yet higher than the year-ago period. The year-over-year improvement indicates continued growth on an annual basis despite the near-term volatility.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased substantially. Relative to the same quarter one year earlier, revenue increased slightly.
What to watch
The sharp quarter-over-quarter revenue swing may warrant monitoring for underlying drivers.