Blackstone Inc. Reports Q1 Fiscal 2025 Results

Blackstone Inc. revealed its first-quarter fiscal 2025 financial outcomes, showcasing a 10.8% year-over-year decline in total revenue, settling at $3.28 billion. This downturn was largely due to diminished earnings within the Performance Allocations and Principal Investment sectors.

Financial Highlights and Challenges

The report highlighted an uptick in total expenses to $1.9 billion, alongside a decrease in net income to $1.2 billion, or $0.80 per diluted share. Despite these challenges, Blackstone managed to attract $61.64 billion in inflows during the quarter, boosting its assets under management (AUM) by 10% to a staggering $1.17 trillion. Notably, half of these inflows were channeled into the credit and insurance segment.

Leadership's Perspective

"Blackstone reported another quarter of strong results despite turbulent markets. Inflows reached $62 billion — the highest level in nearly three years — reflecting the deep trust we've built with our investors over decades. We also delivered positive investment performance across all of our major strategies," stated Stephen A. Schwarzman, Chairman and Chief Executive Officer.

Market Reaction

Following the report's release, Blackstone shares experienced a 3.12% drop in premarket trading in New York, descending to $129.38.