Blackstone Reports Q1 Revenue Decline Amid Strong Investor Confidence

Blackstone Inc. revealed a 10.8% year-over-year decrease in its first-quarter revenue for fiscal 2025, totaling $3.28 billion. This downturn was largely due to diminished earnings in the Performance Allocations and Principal Investment sectors.

Financial Highlights and Challenges

The report highlighted an increase in total expenses to $1.9 billion, alongside a drop 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, marking a significant 10% rise in its assets under management (AUM) to $1.17 trillion. Notably, half of these inflows were channeled into the credit and insurance segment.

Leadership's Perspective on Performance

"Blackstone's ability to secure $62 billion in inflows, the highest in nearly three years, underscores the unwavering trust our investors place in us. Our diversified strategies have consistently delivered positive returns, even in volatile markets," stated Stephen A. Schwarzman, Chairman and CEO.

Market Reaction

Following the announcement, Blackstone's shares experienced a 3.12% decline in premarket trading, settling at $129.38.