Moody's Q1 revenue $1.5B (-3% YoY); MA up 6%, MIS down 11%; FY guidance updated

MOODYS CORP /DE/

2023-Q1 EPS reported $2.72 revenue$1,470,000,000

Revenue $1.5B (-3% YoY); MA $737M (+6%), MIS $733M (-11%) on weak issuance.
Diluted EPS $2.72 (+1%), adjusted $2.99 (+3%); ETR fell to 1.0% from 18.2% on tax resolutions.
FY2023 guidance: diluted EPS $8.45-$8.95, adjusted $9.50-$10.00; macro assumptions revised.
Board declared $0.77 quarterly dividend payable June 9, 2023; repurchased 0.1M shares at $297.90.
MA ARR grew 10% to $2.8B; recurring revenue 94% of total; customer retention mid-90s.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MOODYS CORP /DE/ reported the quarter ended March 31, 2023 results: revenue $1.5 billion, EPS $2.72.

Period: the quarter ended March 31, 2023
Revenue: $1.5 billion
EPS: $2.72
Result: reported results

Exact text from the filing

MOODY'S CORPORATION REPORTS RESULTS FOR FIRST QUARTER 2023 FIRST QUARTER SUMMARY FINANCIALS Moody’s Corporation (MCO) Revenue Moody’s Analytics (MA) Revenue Moody’s Investors Service (MIS) Revenue 1Q 2023 1Q 2023 1Q 2023 $1.5 billion ⇓ 3% $737 million ⇑ 6% $733 million ⇓ 11% MCO Diluted EPS MCO Adjusted Diluted EPS 1 MCO FY 2023 Projected 1Q 2023 1Q 2023 Diluted EPS $2.72 ⇑ 1% $2.99 ⇑ 3% $8.45 to $8.95 Adjusted Diluted EPS 1 $9.50 to $10.00

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Source: SEC EDGAR

accession 0001059556-23-000023

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