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Dec 31, 2023

BlackStone Q4 2023 Earnings Report

Blackstone reported strong fourth-quarter results driven by momentum across the business, including increased fund-raising and investment activity.

Key Takeaways

Blackstone reported strong fourth-quarter results with fee related earnings of $1.0 billion ($0.86/share) and distributable earnings of $1.4 billion ($1.11/share). Total AUM increased to $1,040.2 billion, up 7% year-over-year, with inflows of $52.7 billion in the quarter.

Fee Related Earnings (“FRE”) of $1.0 billion ($0.86/share) in the quarter

Distributable Earnings (“DE”) of $1.4 billion ($1.11/share) in the quarter

Total Assets Under Management (“AUM”) of $1,040.2 billion

Inflows of $52.7 billion in the quarter

Total Revenue
$2.54B
Previous year: $2.34B
+8.2%
EPS
$1.11
Previous year: $1.07
+3.7%
Fee-Earning AUM
$763B
Inflows
$52.7B
Distributable Earnings
$1.4B
Gross Profit
$1.28B
Previous year: -$2.01B
-163.5%
Cash and Equivalents
$2.96B
Previous year: $4.25B
-30.5%
Free Cash Flow
$864M
Previous year: $666M
+29.7%
Total Assets
$40.3B
Previous year: $42.5B
-5.3%

BlackStone

BlackStone

BlackStone Revenue by Segment

Forward Guidance

This presentation may contain forward-looking statements which reflect our current views with respect to, among other things, our operations, taxes, earnings and financial performance, share repurchases and dividends.