Mar 31, 2024

Blue Owl Capital Q1 2024 Earnings Report

Blue Owl reported a strong quarter with higher management fees and demonstrated predictability in its business model.

Key Takeaways

Blue Owl Capital reported a strong first quarter of 2024, marked by the 12th consecutive quarter of higher management fees. The company continues to scale its existing businesses and broaden its suite of investment solutions with recent acquisitions aimed at expanding insurance asset management and real estate credit capabilities.

Blue Owl reported its financial results for the first quarter ended March 31, 2024.

The company experienced its 12th consecutive quarter of higher management fees.

Blue Owl is expanding its investment solutions through strategic transactions.

A quarterly dividend of $0.18 per Class A Share was declared.

Total Revenue
$513M
Previous year: $391M
+31.3%
EPS
$0.17
Previous year: $0.15
+13.3%
Assets Under Management
$174B
Previous year: $144B
+20.5%
Gross Profit
$289M
Previous year: $193M
+49.2%
Cash and Equivalents
$156M
Previous year: $37.9M
+310.8%
Free Cash Flow
$41.1M
Previous year: $115M
-64.4%
Total Assets
$174B
Previous year: $8.76B
+1885.6%

Blue Owl Capital

Blue Owl Capital

Forward Guidance

Blue Owl is focused on scaling existing businesses and broadening investment solutions, particularly in insurance asset management and real estate credit.