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Blackstone Projects $775M Revenue from Realization Activities
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Blackstone Projects $775M Revenue from Realization Activities

Story Highlights
  • Blackstone expects over $775 million in revenue from October to December 2024.
  • The estimate does not predict total fourth-quarter revenues, suggesting potential variability.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Blackstone Group ( (BX) ) has shared an update.

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Blackstone announced a preliminary estimate of over $775 million in revenue from realization activities for October 1 to December 23, 2024, mainly from Realized Performance Revenues. The estimate highlights significant realization activity but does not predict total revenues for the entire fourth quarter, indicating potential variability in financial results and implications for stakeholders.

More about Blackstone Group

Blackstone is the world’s largest alternative asset manager, with over $1.1 trillion in assets under management. The company’s investment strategies are globally focused on areas such as real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds, aimed at delivering compelling returns for institutional and individual investors.

YTD Price Performance: 33.83%

Average Trading Volume: 3,348,647

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $207.2B

For a thorough assessment of BX stock, go to TipRanks’ Stock Analysis page.

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