The earnings call highlighted Blackstone's strong deployment and investment activities, significant growth in private wealth, and strategic expansions in data centers. However, challenges remain with limited realization activity, underperformance in secondaries, and increased operating expenses. Overall, the positive developments in deployment and growth outweigh the setbacks.

Company Guidance

During the Blackstone third quarter 2024 earnings call, the company reported a GAAP net income of $1.6 billion and distributable earnings of $1.3 billion, or $1.01 per share. A dividend of $0.86 per share was declared for shareholders of record by October 28. Blackstone highlighted a significant investment deployment of $123 billion over the past year, representing double the amount from the previous year. The firm emphasized growth in its private credit business, which reached $432 billion in assets under management, and noted the successful expansion in data centers, becoming the largest global provider. The real estate sector showed signs of recovery, with new commitments totaling $22 billion in the first nine months of the year. Additionally, Blackstone's private wealth channel saw inflows of $21 billion year-to-date, indicating robust growth, especially in its credit and perpetual vehicles.

Record Deployment and Investment Activity

Blackstone deployed $123 billion over the last 12 months, representing one of the most active periods in its history and double the prior year comparable period.

Strong Growth in Private Wealth Channel

Raised $21 billion in the private wealth channel year-to-date through September, nearly double the amount raised from individuals in the same period last year.

Expansion in Data Centers

Announced a major expansion by agreeing to acquire the largest data center operator in the Asia Pacific for $16 billion, making Blackstone the largest data center provider globally.

Momentum in Real Estate Sector

Increased investment in real estate, with $22 billion committed in the first 9 months of the year, nearly 2.5 times the same period last year.

Record Fee-Related Earnings

Reported the highest fee-related earnings in 2 years, contributing to distributable earnings of $1.3 billion for the quarter.

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Blackstone Group (DE:BBN1) Earnings, Revenues Date & History

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DE:BBN1 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 23, 2025	2024 (Q4)	1.37 / -	1.067	―	―	―
Oct 17, 2024	2024 (Q3)	0.87 / 0.97	0.903	7.45% (+0.07)
Jul 18, 2024	2024 (Q2)	0.94 / 0.92	0.894	3.23% (+0.03)
Apr 18, 2024	2024 (Q1)	0.93 / 0.94	0.932	1.03% (<+0.01)
Jan 25, 2024	2023 (Q4)	0.91 / 1.07	1.028	3.74% (+0.04)
Oct 19, 2023	2023 (Q3)	0.97 / 0.90	1.019	-11.32% (-0.12)
Jul 20, 2023	2023 (Q2)	0.89 / 0.89	1.432	-37.58% (-0.54)
Apr 20, 2023	2023 (Q1)	0.92 / 0.93	1.49	-37.42% (-0.56)
Jan 26, 2023	2022 (Q4)	0.91 / 1.03	1.643	-37.43% (-0.62)	―
Oct 20, 2022	2022 (Q3)	0.95 / 1.02	1.23	-17.19% (-0.21)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:BBN1 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 17, 2024	€143.53	€153.16	+6.71%
Jul 18, 2024	€122.90	€126.46	+2.90%
Apr 18, 2024	€113.03	€111.80	-1.10%
Jan 25, 2024	€107.25	€111.15	+3.64%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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