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Jun 30, 2023

BlackStone Q2 2023 Earnings Report

Blackstone's second quarter results were reported, revealing a net income of $1.2 billion.

Key Takeaways

Blackstone reported its second quarter 2023 results, with GAAP Net Income of $1.2 billion and Total Assets Under Management reaching $1.0 trillion.

Total Assets Under Management (AUM) reached $1.0 trillion, a 6% increase year-over-year.

Fee Related Earnings (FRE) were $1.1 billion, or $0.94 per share.

Distributable Earnings (DE) were $1.2 billion, or $0.93 per share.

A dividend of $0.79 per common share was declared, payable on August 7, 2023.

Total Revenue
$2.35B
Previous year: $4.15B
-43.4%
EPS
$0.93
Previous year: $1.49
-37.6%
Fee-Earning AUM
$731B
Previous year: $684B
+6.9%
Inflows
$30.1B
Distributable Earnings
$1.2B
Gross Profit
$2.7B
Previous year: $380M
+610.4%
Cash and Equivalents
$3.28B
Previous year: $4.18B
-21.6%
Free Cash Flow
$1.66B
Previous year: $1.84B
-9.7%
Total Assets
$41.6B
Previous year: $41.6B
-0.1%

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 detailed in their SEC filings.

Revenue & Expenses

Visualization of income flow from segment revenue to net income