Blackstone's Financial Performance in Q1 2025

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

Expenses and Net Income

The report highlighted an uptick in total expenses, reaching $1.9 billion. Concurrently, net income saw a reduction to $1.2 billion, translating to $0.80 per diluted share.

Asset Management Growth

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 allocated to 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," remarked Stephen A. Schwarzman, Chairman and Chief Executive Officer.

Market Reaction

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