Viatris (VTRS) Revenue — Quarter Ended Mar 31, 2024
Revenue declined in the quarter compared to the prior period. The decrease was also evident when measured against the same quarter a year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue declined in the quarter compared to the prior period. The decrease was also evident when measured against the same quarter a 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
-4.5%
Change from the immediately preceding quarter.
Year-over-year
-1.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.3B
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 |
|---|---|---|
| Jun 30, 2023 | $3.9B | -4.8% |
| Sep 30, 2023 | $3.9B | -3.3% |
| Dec 31, 2023 | $3.8B | -1.1% |
| Mar 31, 2024 | $3.7B | -1.8% |
Revenue performance
The reported revenue fell relative to the immediately preceding quarter. This continues a pattern of sequential declines observed over the past several quarters.
Quarterly comparison
When compared with the same quarter one year prior, revenue was lower. The year-over-year contraction was less pronounced than the sequential drop.
What to watch
The trajectory of sequential revenue declines may warrant attention in future quarters.