Revenue segments as reported by the company.

Management and Advisory Fees, Net

Incentive Fees

Investment Income

Interest and Dividend Revenue

Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Compensation and Benefits

General, Administrative and Other

Interest Expense

Fund Expenses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Blackstone Group

The Weather Channel is an American basic cable and satellite television channel, owned by Byron Allen's Entertainment Studios. Its headquarters are located in Atlanta, Georgia. Launched on May 2, 1982, the channel broadcasts weather forecasts and weather-related news and analysis, along with documentaries and entertainment programming related to weather. A sister network, Weatherscan, is a digital cable and satellite service that offers 24-hour automated local forecasts and radar imagery.

The Weather Channel

Hilton Worldwide, formerly Hilton Hotels Corporation, is an American multinational hospitality company that manages and franchises a broad portfolio of hotels and resorts. Founded by Conrad Hilton in 1919, the corporation is now led by Christopher J. Nassetta. Hilton is headquartered in Tysons Corner, Virginia. As of December 2017, its portfolio includes more than 5,200 properties (including timeshare properties) with over 856,000 rooms in 105 countries and territories. Prior to their December 2013 IPO, Hilton was ranked as the 36th largest privately held company in the United States by Forbes.

Hilton Worldwide

Blackstone, Inc. engages in the provision of investment and fund management services. It operates through the following segments: Real Estate, Private Equity, Credit and Insurance, and Hedge Fund Solutions. The Real Estate segment includes management of opportunistic real estate funds, Core+ real estate funds, high-yield real estate debt funds, and liquid real estate debt funds. The Private Equity segment consists of management of flagship corporate private equity funds, sector and geographically focused corporate private equity funds, core private equity funds, an opportunistic investment platform, a secondary fund of funds business, infrastructure-focused funds, a life sciences investment platform, a growth equity investment platform, a multi-asset investment program for eligible high net worth investors and a capital markets services business. The Credit and Insurance segment refers to Blackstone Credit, which is organized into two overarching strategies: private credit which includes mezzanine direct lending funds, private placement strategies, stressed and distressed strategies and energy strategies, and liquid credit which consists of CLOs, closed-ended funds, open ended funds and separately managed accounts. In addition, the segment includes an insurer-focused platform, an asset-based finance platform, and publicly traded master limited partnership investment platform. The Hedge Fund Solutions segment focuses on Blackstone Alternative Asset Management, which manages a broad range of commingled and customized hedge fund of fund solutions. It also includes a GP Stakes business and investment platforms that invest directly, as well as investment platforms that seed new hedge fund businesses and create alternative solutions through daily liquidity products. The company was founded by Stephen Allen Schwarzman in 1985 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Blackstone Group reports record earnings and eyes strategic growth

Blackstone Group (BX) showcased robust financial performance, growth in assets under management, and strong client interest in alternatives.
The company's focus on innovation, strategic positioning, and diverse product offerings bode well for continued success and expansion.
Despite market challenges, Blackstone remains optimistic about growth opportunities across various sectors, including infrastructure, real estate, and private equity.

Blackstone reports solid Q1 earnings, eyes growth in real estate

Blackstone's Q1 performance reflects resilience and strategic positioning in real estate and alternative investments, despite market challenges.
The company's strengths in risk management, consistent judgment, and competitive positioning in the private wealth space bode well for long-term success.
While facing fundraising challenges and market uncertainties, Blackstone remains focused on leveraging opportunities in real estate debt, private lending, and retail growth.

Blackstone Group excels in Q2, surpasses $1 trillion AUM

Blackstone Group's Q2 2023 earnings call highlighted strong financial performance, surpassing $1 trillion in assets under management, and significant investments in energy transition. The company's global platform, successful investment strategies, and growth in various sectors position them well for future opportunities. Challenges include regulatory impacts and ensuring margin stability amidst market conditions.

Blackstone reports stable earnings, eyes $1 trillion AUM growth

Blackstone's Q3 performance reflects stability and strength in earnings and investment appreciation, positioning the firm for future growth.
Despite challenges in certain markets and distribution limitations, Blackstone's brand strength, global insights, and dry powder offer resilience and growth potential.
The firm's strategic integration of key groups and focus on long-term performance underscore its commitment to delivering value to investors and shareholders.
Opportunities in expanding AUM, exploring new channels, and maintaining a focus on quality credit present avenues for Blackstone's continued success.

Blackstone Group excels in Q4 2023, eyes growth opportunities

Blackstone Group's Q4 2023 earnings call highlighted strong financial performance, outperforming public indices and surpassing $1 trillion in assets under management. The company anticipates a positive outlook for 2024, focusing on fee growth, margin stability, and strategic market opportunities.

Blackstone Group (BX) reports robust Q1 earnings and eyes growth opportunities

Blackstone Group (BX) delivered strong financial results in Q1 2024, showcasing growth in fee-related earnings and successful capital raising. The company faces challenges in net realizations and credit market competition but maintains disciplined underwriting standards. Opportunities lie in real estate deployment, private credit momentum, and global wealth management.

Blackstone Group reports robust Q2 performance and eyes growth opportunities

Blackstone Group (BX) delivered a strong performance in Q2 2024, driven by robust financial results across its diversified businesses and positive investment performance.
The company's strengths in fundraising achievements, infrastructure platform, and strategic investments position it well for future growth and profitability.
While facing challenges such as potential interest rate cuts and election impact, Blackstone has opportunities to leverage its strengths and drive continued success.
Overall, Blackstone Group's performance, strengths, challenges, and opportunities indicate a resilient and promising outlook for the company's future growth and value creation.

Blackstone Group reports robust Q3 earnings and eyes growth opportunities

Blackstone Group's Q3 performance reflects strong financial results, strategic investments, and market leadership. Despite challenges in the IPO market, the company is well-positioned to capitalize on growth opportunities in various business segments.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

American Tower

Brookfield Renewable Partners

Brookfield Infrastructure Partners L.P.

Brookfield Infrastructure

Equinix

NextEra Energy

NiSource

Blackstone sees $1 trillion of investment opportunities in digital infrastructure over the next five years. Energy transition will require $4.5 trillion of investment annually for the next couple of decades.

2 Multi-Trillion-Dollar Investing Megatrends You Won't Want to Miss

Tanger Factory Outlet Centers

Seritage Growth Properties

STORE Capital

“Real estate is not a commodity. I think it tends to be more accurately priced most of the time.

Why Warren Buffett Steers Clear of Real Estate

Blackstone has been an early leader in using AI. It believes AI could enhance the operations of its portfolio companies and its investment returns.

1 AI Revolution Stock You Won't Want to Overlook

Blackstone has an industry-leading $1 trillion of alternative assets under management. That's only a fraction of the public stock and bond markets.

This Dynamic Dividend Stock Hit a $1 Trillion Milestone (And It Has Lots of Room to Run)

Public Storage

Public Storage PSA, +0.93% announced Monday an agreement to buy Simply Self Storage for $2.2 billion from Blackstone Inc. BX, -2.44% subsidiary Blackstone Real Estate Income Trust Inc. (BREIT) The purchase by the self-storage facilities real estate investment trust (REIT) comprises 127 properties and 9 million rentable square feet across 18 states, with 65% of the properties located in Sunbelt markets. The deal is expected to close in the third quarter of 2023.

Public Storage to pay $2.2 billion to buy Simply Self Storage from Blackstone's BREIT

Alexandria Real Estate Equities

Brookfield Asset Management

Tricon Residential

Billionaires appear to be loading up on REITs. They differ from other investors in that they focus on the long run. I highlight three of my favorite investment ideas.

Billionaire Investors Have Been Rushing To Buy REITs

Fintel reports that on July 21, 2023, JP Morgan downgraded their outlook for Blackstone (NYSE:BX) from Overweight to Neutral.

JP Morgan Downgrades Blackstone

Blackstone's Q2 2023 earnings report shows a 12% year-on-year surge in fee-related earnings and assets under management, reaching $1 trillion, solidifying its position in the alternative investment industry. The firm's success is attributed to strategic diversification, expansion, data-driven decision-making, talent retention, and risk management, with key growth areas identified for the future. Despite minor fluctuations in revenues and margins, Blackstone's consistent performance and adaptability make it a compelling case for investors, with significant growth opportunities identified in the future.

Blackstone's Q2 2023: Breaking Through The Trillion Dollar Ceiling

Blackstone (BX) records a decline in segmental revenues in the second quarter of 2023.

Blackstone (BX) Q2 Earnings Beat Estimates, Expenses Rise Y/Y

Blackstone (NYSE: BX) stock price recovery gained steam after the company published strong financial results. The shares surged to a high of $108 on Thursday, the highest level since November last year.

Blackstone stock price forms a golden cross: rating upgrade, 10% upside

Blackstone reaches $1 trillion asset milestone, but weak real estate, credit, dealmaking markets push profit distributions down 40%

Blackstone Reaches Asset Milestone, But Earnings Slide

Slowdowns in inflows and core earnings are the immediate questions, but bigger opportunities still loom.

Investors Are Already Asking How Quickly Blackstone Can Get the Next Trillion

Blackstone Inc. (NYSE:BX ) Q2 2023 Earnings Conference Call July 20, 2023 9:00 AM ET Company Participants Weston Tucker - Head of Shareholder Relations Steve Schwarzman - Chairman and Chief Executive Officer Jon Gray - President and Chief Operating Officer Michael Chae - Chief Financial Officer Conference Call Participants Craig Siegenthaler - Bank of America Michael Cyprys - Morgan Stanley Glenn Schorr - Evercore Brian Bedell - Deutsche Bank Alex Blostein - Goldman Sachs Adam Beatty - UBS Patrick Davitt - Autonomous Research Ben Budish - Barclays Brian McKenna - JMP Securities Mike Brown - KBW Rufus Hone - BMO Capital Markets Arnaud Giblat - BNP Operator Good day and welcome to the Blackstone Second Quarter 2023 Investor Call. Today's conference is being recorded.

Blackstone Inc. (BX) Q2 2023 Earnings Call Transcript

The headline numbers for Blackstone Inc. (BX) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Blackstone Inc. (BX) Reports Q2 Earnings: What Key Metrics Have to Say

Blackstone Inc. (BX) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $1.49 per share a year ago.

Blackstone Inc. (BX) Surpasses Q2 Earnings Estimates

Shares of Blackstone Inc. BX, -0.67% took a 2.3% hit in morning trading Thursday, to snap a five-day win streak and pull back from an eight-month high, after the asset manager boasted being the first to surpass $1 trillion in assets under management, but reported segment revenue the fell more than expected. Net distributable income fell to $1.21 billion, or 93 cents a share, from $1.99 billion, or $1.49 a share, in the year-ago period, to top the FactSet consensus for earnings per share of 92 cents.

Blackstone assets top $1 trillion, but stock pulls back as segment revenue misses expectations

Blackstone Group shares fell before the opening bell in New York Thursday as the asset management firm said its second-quarter distributable earnings fell 39% over the year-ago quarter. For the period, the company posted distributable earnings, being the profit available to shareholders, of $1.2 billion ($0.93 per share), down from almost $2 billion this time in 2022.

Blackstone shares fall on earnings plunge despite hitting $1T milestone

Blackstone Inc said on Thursday its second-quarter distributable earnings dropped 39% amid a slump in asset sales, overshadowing a key milestone of the firm becoming the first manager of alternative investments such as private equity and real estate to amass $1 trillion in assets.

Blackstone marks record $1 trillion in assets with earnings slump

As usual, mortgage REITs sold off hard when volatility soared in recent months. In some cases, the concern is justified. Some mortgages are overweight office and hotel, for example. But the pricing of several high quality mortgage REITs was irrational.

Blackstone Mortgage: Run Away Or More Room To Run?

The private-equity firm is the first among its publicly traded peers to hit that mark.

Blackstone Reaches $1 Trillion in Assets

Blackstone (BX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Blackstone (BX) This Earnings Season?

JPMorgan BetaBuilders MSCI US REIT ETF

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Equity LifeStyle Properties

Extra Space Storage

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

iShares Cohen & Steers REIT ETF

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

KKR Real Estate Finance Trust

Life Storage

Medical Properties Trust

Neuberger Berman Real Estate Securities Income Fund Inc

Healthpeak Properties

Prologis

US Diversified Real Estate ETF

Invesco Active US Real Estate

Regency Centers

ALPS Active REIT ETF

ProShares Short Real Estate

iShares Mortgage Real Estate ETF

Real estate earnings season kicks into gear this week, and over the next month, we'll hear results from 175 equity REITs, 40 mortgage REITs, and dozens of housing industry companies. Real estate equities - the sector with perhaps the most to gain from a moderation in inflation and normalization in Fed monetary policy - enter earnings season with wind in their sails. Obscured by macro headwinds, REITs delivered a solid first quarter of earnings results fueled by buoyant rent growth. This report discusses the major high-level themes we'll be watching across second quarter results.

REIT Earnings Preview: Here's What We're Watching

Driven by inflows, Blackstone's (BX) AUM balance is likely to have increased in the second quarter of 2023.

Inflows, AUM Growth Likely to Aid Blackstone's (BX) Q2 Earnings

Blackstone has many good characteristics, it's asset light and has a track-record of growth and great brand recognition. Unfortunately, its heavily performance-oriented fee structure makes earnings very cyclical and valuation tricky. I cut through the noise and present my analysis of this giant.

Blackstone: Getting Expensive, But Still A Buy

I analyze Blackstone, a leading alternative asset manager, for its investment potential, with the company's fundamentals, valuation, growth opportunities, and risks considered. The company enjoys several growth opportunities as alternative assets are becoming very attractive to investors. Despite the growth opportunities, there are risks to the investment thesis, and the current valuation is not compelling.

News for Blackstone Group Stock (BX)