The Southern (SO) Revenue — Quarter Ended Dec 31, 2023
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year earlier. The decrease was driven by lower revenues across the period.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year earlier. The decrease was driven by lower revenues across the period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6B
Revenue reported for this quarter.
Quarter-over-quarter
-13.4%
Change from the immediately preceding quarter.
Year-over-year
-14.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$25.3B
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 |
|---|---|---|
| Mar 31, 2023 | $6.5B | -2.5% |
| Jun 30, 2023 | $5.7B | -20.2% |
| Sep 30, 2023 | $7B | -16.7% |
| Dec 31, 2023 | $6B | -14.2% |
Revenue performance
Reported revenue for the quarter was lower than the preceding quarter, continuing a pattern of sequential declines seen in recent periods.
Quarterly comparison
Compared with the same quarter one year earlier, revenue also decreased, reflecting a year-over-year contraction consistent with the broader annual trend.
What to watch
Monitor whether the sequential revenue decline stabilizes in upcoming quarters.