BlackStone Q1 2024 Earnings Report
Key Takeaways
Blackstone reported strong first-quarter results with GAAP Net Income of $1.6 billion and Net Income Attributable to Blackstone Inc. of $847 million. The company saw accelerating momentum in its private credit and private wealth businesses, with a strengthening transaction environment and attractive opportunities to deploy capital. Total AUM increased to $1,061.3 billion, up 7% year-over-year.
GAAP Net Income was $1.6 billion for the quarter.
Fee Related Earnings (“FRE”) of $1.2 billion ($0.95/share) in the quarter.
Distributable Earnings (“DE”) of $1.3 billion ($0.98/share) in the quarter.
Total Assets Under Management (“AUM”) of $1,061.3 billion.
BlackStone
BlackStone
BlackStone Revenue by Segment
Forward Guidance
This presentation contains forward-looking statements regarding Blackstone's operations, taxes, earnings, financial performance, share repurchases, and dividends, which are subject to risks and uncertainties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income