News (NWSA) Revenue — Quarter Ended Mar 31, 2024
Revenue declined for the quarter, falling compared to both the immediately preceding quarter and the same period one year earlier. The decrease reflected ongoing challenges in the company's operating environment.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q3
Revenue declined for the quarter, falling compared to both the immediately preceding quarter and the same period one year earlier. The decrease reflected ongoing challenges in the company's operating environment.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2B
Revenue reported for this quarter.
Quarter-over-quarter
-6.6%
Change from the immediately preceding quarter.
Year-over-year
-18.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.7B
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 | $566M | -78.8% |
| Sep 30, 2023 | $2B | -18.0% |
| Dec 31, 2023 | $2.1B | -15.3% |
| Mar 31, 2024 | $2B | -18.5% |
Revenue performance
The reported revenue was lower than the prior quarter, continuing a downward trend from the previous period.
Quarterly comparison
Compared to the same quarter last year, revenue also decreased, marking a steeper year-over-year decline than the sequential drop.
What to watch
A key area to watch is whether the company can reverse the revenue decline in upcoming periods.