Lazard Earnings Reports

Lazard reported net revenue of $817 million and adjusted net revenue of $812 million for the fourth quarter of 2024. Net income was $86 million, or $0.80 per share, diluted, while adjusted net income was $85 million, or $0.78 per share, diluted. The company's Financial Advisory and Asset Management segments both saw revenue increases compared to the previous year.

Lazard's Q3 2024 results showed a net revenue of $785 million and an adjusted net revenue of $646 million. Net income was $108 million, or $1.02 per share, while adjusted net income was $40 million, or $0.38 per share. Asset Management AUM increased 8% year-over-year.

Lazard reported net revenue of $685 million for Q2 2024. Financial Advisory saw record revenue, while Asset Management produced solid results. The company is investing in talent to support long-term growth.

Lazard reported a strong first quarter in 2024, with record first-quarter firm-wide adjusted net revenue driven by an improving M&A environment. The company's Asset Management quarter end AUM increased 8% year-over-year.

Lazard reported Q4 2023 net revenue of $806 million and adjusted net income of $65 million, or $0.66 per share, diluted. The results reflect a strong finish to a challenging year, with the company winning new client mandates across its business.

Lazard Ltd reported operating revenue of $532 million and net income of $7 million, or $0.06 per share, diluted, for the third quarter ended September 30, 2023. The company announced its conversion to a U.S. C-Corporation effective January 1, 2024.

Lazard Ltd reported operating revenue of $620 million for the second quarter ended June 30, 2023. Net income, as adjusted, was $23 million, or $0.24 per share, diluted, for the quarter. On a U.S. GAAP basis, second-quarter 2023 net loss was $124 million, or $1.41 per share, diluted.

Lazard Ltd reported a challenging first quarter of 2023, marked by economic uncertainty and market turmoil, particularly in the financial sector. The company's net loss was $22 million, or $0.27 per share, diluted. Operating revenue for the quarter was $527 million, a 25% decrease compared to the first quarter of 2022. The company is implementing cost-saving initiatives to improve profitability.