Blackstone Group L.P. ( (BX) ) has released its Q4 earnings. Here is a breakdown of the information Blackstone Group L.P. presented to its investors.
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Blackstone Group L.P., the world’s largest alternative asset manager, specializes in delivering returns for investors through its diverse investment strategies across real estate, private equity, and more. The company recently reported its fourth-quarter and full-year 2024 results, highlighting a significant acceleration in earnings growth and business drivers reaching their highest levels in over two years. Key financial metrics showed a robust performance, with GAAP net income reaching $1.3 billion for the quarter and $5.4 billion for the year. The company also declared a quarterly dividend of $1.44 per share. Total revenues for the year increased to $13.2 billion, while total assets under management rose to $1,127.2 billion, an 8% year-over-year growth. Looking ahead, Blackstone’s management is optimistic about the firm’s momentum going into 2025, building on its innovative strategies and market leadership.
