Apollo Global reports Q1 adjusted EPS $1.82, consensus $1.84

Reports Q1 fee-related earnings 91c, with spread-related earnings $1.31. Reports Q1 revenue $5.55B vs. $7.04B last year. Marc Rowan, Chairman and CEO at Apollo said, “Our first quarter results highlight Apollo’s strengths and our ability to navigate shifting market conditions. In Asset Management, we generated record organic inflows, strong origination volume, and delivered solid investment performance across all major strategies. In Retirement Services, consistent with our longstanding approach of positioning the business to seize opportunity, we accelerated new business growth and invested conservatively to be able to redeploy into widening spreads. Armed with broad origination capabilities and a robust pipeline, significant dry powder, and a purchase price matters philosophy, we are uniquely built to thrive amid volatility and dislocation.”