Viatris (VTRS) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased compared to the immediate prior quarter but declined versus the same quarter one year earlier. The sequential improvement follows a period of declining revenue over several earlier quarters.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased compared to the immediate prior quarter but declined versus the same quarter one year earlier. The sequential improvement follows a period of declining revenue over several earlier quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.9B
Revenue reported for this quarter.
Quarter-over-quarter
+5.1%
Change from the immediately preceding quarter.
Year-over-year
-4.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.6B
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 |
|---|---|---|
| Sep 30, 2022 | $4.1B | -10.0% |
| Dec 31, 2022 | $3.9B | -10.7% |
| Mar 31, 2023 | $3.7B | -11.0% |
| Jun 30, 2023 | $3.9B | -4.8% |
Revenue performance
Reported revenue moved higher from the preceding three-month period, breaking a streak of sequential declines. However, on an annual comparison, revenue remained lower than the comparable period last year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue grew, reversing the trend of the prior two quarters. Relative to the same quarter one year ago, revenue was lower, reflecting a sustained year-over-year contraction.
What to watch
Monitor whether the sequential revenue improvement can be sustained in the coming quarters.