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Sep 30, 2024
DigitalBridge Q3 2024 Earnings Report
DigitalBridge's financial performance was marked by growth in fee revenues and fee-related earnings, driven by the scaling of its AI infrastructure investment platform.
Key Takeaways
DigitalBridge reported Q3 2024 total revenues of $76 million, a GAAP net loss attributable to common stockholders of $1 million, or $0.01 per share, and Distributable Earnings of $11 million, or $0.06 per share.
Management Fee Revenues increased 16% year-over-year, driven by higher FEEUM.
Fee-Related Earnings (FRE) increased 42% year-over-year, with margins expanding to 34%.
The company is set to exceed its $7 billion annual fundraising target, with $6.1 billion in committed FEEUM YTD.
Continued active deployment across AI infrastructure ecosystem with investments in data center and tower verticals.
Revenue by Segment
Forward Guidance
DigitalBridge anticipates that the timing and composition of capital formation will shift some of their recurring fee impact into 2025.
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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