DigitalBridge announced its Q2 2022 financial results, reporting total revenues of $289 million and a GAAP net loss attributable to common stockholders of $(37) million, or $(0.06) per share. Distributable Earnings were reported as $7.6 million. The company also outlined an upgraded strategic roadmap expected to double assets under management over the next 3 years and approved a 1-for-4 reverse share split.
Delivered solid revenue and earnings growth in Q2 2022.
Investment management and operating segments contributed to the positive results.
Initial commitments received for new credit and core strategies, indicating positive momentum in capital formation.
Upgraded roadmap detailed, focusing on the scalable investment management platform to drive earnings growth and value creation.
DigitalBridge expects to double assets under management over the next 3 years.
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