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Sep 30, 2024

BlackStone Q3 2024 Earnings Report

Blackstone reported strong third-quarter results with broad-based acceleration across its business, invested or committed $54 billion, the highest in over two years, deployed $123 billion in the last twelve months, and the highest amount of overall fund appreciation in three years.

Key Takeaways

Blackstone reported strong third-quarter results with significant inflows and strategic deployments, demonstrating its leading position in the alternatives industry. The company invested heavily and saw substantial fund appreciation.

Blackstone invested or committed $54 billion in Q3 2024, the highest in over two years.

The third quarter represented the highest amount of overall fund appreciation in three years.

Limited partners entrusted Blackstone with over $40 billion of inflows.

A quarterly dividend of $0.86 per share was declared.

Total Revenue
$2.43B
Previous year: $2.32B
+4.8%
EPS
$1.01
Previous year: $0.94
+7.4%
Total AUM
$1.11T
Fee-Earning AUM
$821B
Inflows
$40.5B
Gross Profit
$223M
Previous year: $2.32B
-90.4%
Cash and Equivalents
$2.35B
Previous year: $2.97B
-20.8%
Free Cash Flow
$836M
Previous year: $660M
+26.8%
Total Assets
$42.6B
Previous year: $41.7B
+2.2%

BlackStone

BlackStone

BlackStone Revenue by Segment

Forward Guidance

This document contains forward-looking statements which are subject to risks and uncertainties.

Revenue & Expenses

Visualization of income flow from segment revenue to net income