Blackstone, Inc. (NYSE: BX) has reported a decline in income and web earnings for the primary quarter of 2025 when the funding large’s belongings underneath administration grew in double digits.
- Complete belongings underneath administration (AUM) elevated 10% to $1.17 trillion within the March quarter from $1.06 trillion within the prior-year interval
- Payment-earning AUM was $860.1 billion within the first quarter, whereas perpetual capital AUM got here in at $464.4 billion
- The corporate reported revenues of $3.29 billion for the primary quarter, in comparison with $3.69 billion in Q1 2024
- Web earnings decreased to $614.8 million or $0.80 per share through the three months from $847.4 million or $1.11 per share final 12 months
- Distributable earnings have been $1.4 billion or $1.09 per share within the first quarter, vs. $1.27 billion or $0.98 per share final 12 months
- The administration has declared a dividend of $0.93 per share, which is payable to shareholders on Could 5, 2025
- The corporate repurchased 0.2 million shares within the first quarter and three.5 million shares over the past twelve months
