Viatris (VTRS) Revenue — Quarter Ended Mar 31, 2023
Revenue decreased in the current quarter, continuing a downward trend observed over the past several quarters. The decline was evident both from the immediately preceding quarter and from the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue decreased in the current quarter, continuing a downward trend observed over the past several quarters. The decline was evident both from the immediately preceding quarter and from the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.7B
Revenue reported for this quarter.
Quarter-over-quarter
-3.8%
Change from the immediately preceding quarter.
Year-over-year
-11.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.8B
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, 2022 | $4.1B | -10.0% |
| Sep 30, 2022 | $4.1B | -10.0% |
| Dec 31, 2022 | $3.9B | -10.7% |
| Mar 31, 2023 | $3.7B | -11.0% |
Revenue performance
The sequential decline from the prior quarter was less pronounced than the year-over-year drop, though both comparisons showed lower revenue. The trailing twelve-month revenue also reflected the ongoing contraction.
Quarterly comparison
Compared to the immediately preceding quarter, revenue moved lower. The year-over-year comparison showed a larger decline, underscoring the sustained pressure on top-line results.
What to watch
The continued revenue decline across multiple quarters makes the trajectory of future performance a key area to monitor.