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Mar 31, 2024
DigitalBridge Q1 2024 Earnings Report
DigitalBridge reported an increase in fee revenue and fee-related earnings, driven by organic fundraising, and new capital formation increased.
Key Takeaways
DigitalBridge Group, Inc. reported first quarter 2024 total revenues of $74 million, a GAAP net loss attributable to common stockholders of ($44) million, or ($0.28) per share, and Distributable Earnings of $2.2 million, or $0.01 per share.
Fee Revenue was $72.8 million, up 21% year-over-year driven by higher FEEUM.
Fee Related Earnings were $19.6 million, up 28% year-over-year.
Distributable Earnings (DE) were $2.2 million, an increase from ($7.4) million in the prior year.
New Capital Formation of $1.1 billion during the first quarter of 2024, driven by continuing commitments to the latest DBP Series and initial commitments to the firm’s second credit strategy.
Revenue by Segment
Forward Guidance
DigitalBridge remains on track to meet or exceed its 2024 capital formation targets.
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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