From Financial Modeling Prep: 2024-10-17 14:07:00

Blackstone Inc. (NYSE:BX) exceeded analyst forecasts in Q3, reporting an EPS of $1.01 and revenue of $3.66 billion, lifting shares by nearly 7%. Total assets under management reached $1.01 trillion, with fee-earning AUM at $734.5 billion and perpetual capital AUM at $388.3 billion.

The firm attracted over $25 billion in new capital this quarter, totaling $138.9 billion over the past year. Blackstone deployed $12.4 billion in Q3 and $61.4 billion in investments over the last twelve months, with $200 billion in “dry powder” for future opportunities.

CEO Stephen Schwarzman emphasized Blackstone’s strong brand and strategic positioning, highlighting its readiness to capitalize on uncertain markets. With a solid long-term performance record, the firm remains well-positioned for sustained capital-raising and resilient performance despite economic challenges.



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