The earnings call reflects a strong performance by Blackstone with record distributable earnings and significant growth in fundraising and AUM across various segments. The infrastructure and credit businesses showed exceptional momentum. However, there were some concerns regarding real estate performance and a moderate pace of disinflation.

Company Guidance

During the Blackstone Fourth Quarter and Full Year 2024 Investor Call, the guidance provided highlighted several key financial metrics and achievements. Blackstone reported GAAP net income for the quarter of $1.3 billion, with distributable earnings reaching $2.2 billion or $1.69 per common share. The firm declared a dividend of $1.44 per share, payable to holders of record as of February 10. Notably, distributable earnings saw a year-over-year increase of 56%, supported by record fee-related earnings (FRE). Blackstone experienced significant inflows, with $57 billion in the fourth quarter and $171 billion for the year, marking substantial growth. The infrastructure strategy, BIP, was a major contributor, generating $1.2 billion in fee revenues with an AUM increase of 34% over the past year. Total AUM surpassed $1.1 trillion, establishing Blackstone as the largest alternative asset manager globally. The call underscored Blackstone's strategic focus on innovation, growth in private wealth, and expansion in infrastructure, credit, and insurance channels, with expectations for further acceleration in 2025.

Record-Breaking Distributable Earnings

Distributable earnings increased 56% year-over-year to $2.2 billion, marking one of the best quarters in Blackstone's history.

Strong Inflows and Fundraising

Blackstone raised $57 billion in inflows in the fourth quarter and $171 billion for the year 2024, with significant contributions from private wealth and institutional channels.

Infrastructure Business Growth

Blackstone's Infrastructure Business (BIP) generated $1.2 billion of fee revenues, with assets under management (AUM) up 34% year-over-year.

Credit and Insurance Momentum

Credit and insurance business AUM reached $450 billion, with $100 billion in inflows for 2024, driven by strong performance and increased demand for private credit offerings.

Private Wealth Channel Success

Private wealth channel sales exceeded $28 billion in 2024, with notable contributions from BCRED and BXPE.

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Blackstone Group (BX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 17, 2025	2025 (Q1)	1.17 / -	0.98	―	―	―
Jan 30, 2025	2024 (Q4)	1.48 / 1.69	1.11	52.25% (+0.58)
Oct 17, 2024	2024 (Q3)	0.91 / 1.01	0.94	7.45% (+0.07)
Jul 18, 2024	2024 (Q2)	0.98 / 0.96	0.93	3.23% (+0.03)
Apr 18, 2024	2024 (Q1)	0.97 / 0.98	0.97	1.03% (+0.01)
Jan 25, 2024	2023 (Q4)	0.95 / 1.11	1.07	3.74% (+0.04)
Oct 19, 2023	2023 (Q3)	1.01 / 0.94	1.06	-11.32% (-0.12)
Jul 20, 2023	2023 (Q2)	0.92 / 0.93	1.49	-37.58% (-0.56)
Apr 20, 2023	2023 (Q1)	0.96 / 0.97	1.55	-37.42% (-0.58)
Jan 26, 2023	2022 (Q4)	0.94 / 1.07	1.71	-37.43% (-0.64)	―

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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BX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 30, 2025	$183.81	$176.28	-4.10%
Oct 17, 2024	$157.55	$167.43	+6.27%
Jul 18, 2024	$132.25	$133.78	+1.16%
Apr 18, 2024	$120.01	$117.21	-2.33%

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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