Blackstone Reports Q1 Fiscal 2025 Results

In a recent financial disclosure, Blackstone Inc. revealed a 10.8% year-over-year decline in its total revenue for the first quarter of fiscal 2025, amounting to $3.28 billion. This downturn was largely due to diminished earnings in the Performance Allocations and Principal Investment segments.

Financial Highlights and Challenges

The report highlighted an increase in total expenses to $1.9 billion, with net income dropping to $1.2 billion, or $0.80 per diluted share. Despite these challenges, Blackstone achieved a significant milestone by attracting $61.64 billion in inflows during the quarter, boosting its assets under management (AUM) by 10% to $1.17 trillion. Notably, around half of these inflows were channeled into the credit and insurance segment.

Leadership's Perspective

Stephen A. Schwarzman, Chairman and Chief Executive Officer, commented on the results: "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."

Market Reaction

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