Sep 30, 2024

Blue Owl Capital Q3 2024 Earnings Report

Blue Owl demonstrated resilient growth with management fee growth exceeding 25% and revenue growth surpassing 30% year over year.

Key Takeaways

Blue Owl Capital reported strong third-quarter results, marked by significant management fee and revenue growth. The company highlighted its robust organic trends and the recent agreement to acquire IPI's business, expanding its presence in the digital infrastructure ecosystem.

Blue Owl reported management fee growth of more than 25% year over year.

The company experienced revenue growth of more than 30% year over year.

Blue Owl achieved the second-highest quarter of fundraising in its history.

An agreement to acquire IPI's business was announced, enhancing Blue Owl's digital infrastructure presence.

Total Revenue
$601M
Previous year: $430M
+39.9%
EPS
$0.2
Previous year: $0.16
+25.0%
Assets Under Management
$235B
Previous year: $157B
+49.7%
Gross Profit
$330M
Previous year: $216M
+52.9%
Cash and Equivalents
$116M
Previous year: $76.7M
+51.1%
Free Cash Flow
$315M
Previous year: $263M
+19.6%
Total Assets
$235B
Previous year: $157B
+49.7%

Blue Owl Capital

Blue Owl Capital

Forward Guidance

No specific forward guidance was found in the provided document.