Loading...
•
Mar 31, 2023
WisdomTree Investments Inc Q1 2023 Earnings Report
WisdomTree Investments Inc experienced record quarter-end AUM and strong net inflows.
Key Takeaways
WisdomTree Investments Inc. reported a strong first quarter in 2023, marked by record quarter-end AUM of $90.7 billion and net inflows of $6.3 billion, the third-best quarter in company history. Diluted earnings per share stood at $0.10, with adjusted diluted earnings per share at $0.07. The company's operating revenues reached $82.0 million, reflecting an 11.9% increase from the previous quarter. Net income was reported as $16.2 million, or $11.2 million as adjusted.
Record quarter-end AUM of $90.7 billion.
$6.3 billion in net inflows, marking the third-best quarter in company history.
Diluted earnings per share (EPS) of $0.10; adjusted EPS of $0.07.
Operating revenues increased by 11.9% from the previous quarter, reaching $82.0 million.
Forward Guidance
WisdomTree's CEO anticipates continued growth driven by fund performance, managed models, and the upcoming launch of WisdomTree Prime™.
Positive Outlook
- Solid fund performance and positioning.
- Continued growth in managed models.
- Initial launch of WisdomTree Prime™ in app stores in Q2.
- Launch of digital funds and tokens.
- Citi projects blockchain-enabled finance marketplace could be a $5 trillion market by 2030.
Challenges Ahead
- Declining prices of securities, gold and other precious metals and other commodities and changes in interest rates and general market conditions can adversely affect our business
- Fluctuations in the amount and mix of our AUM may negatively impact revenues and operating margins
- Competitive pressures could reduce revenues and profit margins
- A significant portion of our AUM is held in a limited number of products
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...