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Mar 31, 2024
BlackStone Q1 2024 Earnings Report
Blackstone reported strong first-quarter results, driven by momentum in private credit and wealth businesses, and a strengthening transaction environment.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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