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Jun 30, 2022
WisdomTree Investments Inc Q2 2022 Earnings Report
WisdomTree Investments Inc. reported a net income of $8.0 million and adjusted diluted EPS of $0.07 for Q2 2022.
Key Takeaways
WisdomTree Investments Inc. reported a net income of $8.0 million, or $0.05 per share, for the second quarter of 2022. Adjusted net income was $11.3 million, or $0.07 per share. The company's AUM ended the period at $74.3 billion, a decrease of 6.4% due to market depreciation, partially offset by net inflows of $3.9 billion.
Net income was $8.0 million ($11.3 million, as adjusted).
Diluted earnings per share was $0.05 ($0.07, as adjusted).
Ending AUM was $74.3 billion, a decrease of 6.4% arising from market depreciation, partly offset by net inflows.
Net inflows were $3.9 billion, primarily driven by inflows into fixed income products.
Forward Guidance
WisdomTree is focused on growth, team and efficiency, with a perpetual focus on growth, both today’s and tomorrow’s, team and efficiency.
Positive Outlook
- WisdomTree is generating strong organic growth.
- Client engagement remains high.
- The company is focused on the diversification, growth and performance of its lineup of products, model portfolios and solutions.
- The digital assets rollout remains on track.
- The company is well-positioned for success in the digital asset space.
Challenges Ahead
- The company is navigating a difficult macro backdrop.
- Market depreciation negatively impacted AUM.
- Operating revenues decreased 1.4% due to a lower average advisory fee.
- Gross margin decreased 1 point due to product launches and higher transaction-based fees.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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