WisdomTree Investments Inc Q3 2024 Earnings Report

WisdomTree Investments Inc. reported mixed results for Q3 2024, with record AUM but a net loss impacted by a loss on debt extinguishment and a settlement.

Key Takeaways

WisdomTree Investments Inc. announced its Q3 2024 results, featuring a record AUM of $112.6 billion, which is a 2.6% increase from the prior quarter. The company reported a net loss of $4.5 million, impacted by a loss on extinguishment of convertible notes and a civil money penalty. Adjusted earnings per share was $0.18. Operating revenues increased by 5.7% from the prior quarter.

AUM reached a record $112.6 billion, up 2.6% from the previous quarter.

Net outflows were $2.4 billion, driven by international equity, fixed income, and commodity products.

Operating revenues increased by 5.7% from the prior quarter due to higher average AUM and recognition of other revenue.

The company completed a private offering of $345.0 million in aggregate principal amount of 2029 Notes.

Total Revenue

$113M

Previous year: $90.4M