Business

Blackstone Achieves Record Q4 Revenue Growth: A 139% Surge to $3.1 Billion

Unprecedented Growth in Q4

Blackstone Inc. announced a remarkable 139% increase in total revenue for the fourth quarter of fiscal year 2024, reaching an impressive $3.1 billion. This surge is a testament to the firm's robust performance and strategic investments.

Skyrocketing Net Income and EPS

The company also reported a staggering 1117% increase in net income, amounting to $1.3 billion. Diluted earnings per share (EPS) saw a significant rise of 359%, culminating at $0.92, showcasing the firm's strong financial health and investor confidence.

Annual Financial Highlights

For the entire fiscal year 2024, Blackstone's total revenue experienced a 64% jump to $13.2 billion. Net income climbed by 122% to $5.5 billion, and diluted EPS advanced by 96% to $3.62, highlighting a year of exceptional growth and profitability.

Leadership's Perspective

"Blackstone reported one of the best quarters in our history. Earnings growth accelerated sharply, while the key drivers of our business – inflows, investment activity, and realizations – all reached their highest levels in two-and-a-half years... As we move forward in 2025, the firm is exhibiting significant momentum," stated Chairman and CEO Stephen A. Schwarzman. Following the earnings report, Blackstone's shares saw a 1.84% increase in premarket trading, reaching $188.8 per share.