News (NWSA) Revenue — Quarter Ended Dec 31, 2023
Revenue increased sequentially but fell compared to the same quarter last year. The improvement from the prior period was offset by a notable decline on an annual basis.
Key takeaway
Quarter ended Dec 31, 2023 · FY2024 Q2
Revenue increased sequentially but fell compared to the same quarter last year. The improvement from the prior period was offset by a notable decline on an annual basis.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.1B
Revenue reported for this quarter.
Quarter-over-quarter
+5.1%
Change from the immediately preceding quarter.
Year-over-year
-15.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.2B
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 |
|---|---|---|
| Mar 31, 2023 | $2.4B | -1.8% |
| Jun 30, 2023 | $566M | -78.8% |
| Sep 30, 2023 | $2B | -18.0% |
| Dec 31, 2023 | $2.1B | -15.3% |
Revenue performance
Revenue for the quarter rose relative to the prior three-month period, reflecting a positive sequential trend. However, the figure was lower than the corresponding period a year ago.
Quarterly comparison
Compared to the immediately preceding quarter, revenue grew. Compared to the same quarter one year earlier, revenue decreased.
What to watch
The year-over-year revenue decline warrants continued observation.