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

Growth in AUM and lower expenses support Blackstone's (BX) Q4 earnings amid a deteriorating operating backdrop.

Blackstone (BX) Stock Up 5.6% on Q4 Earnings Beat, Higher AUM

While the top- and bottom-line numbers for Blackstone Inc. (BX) give a sense of how the business performed in the quarter ended December 2022, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Blackstone Inc. (BX) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

The company's earnings were higher than analysts expected.

This Ultra-High-Yield Dividend Stock's Solid Showing Should Calm Investor Concerns

Base management fees, a key source of strength for the firm, continue to grow.

Breit Flows Aren't the Be-All, End-All for Blackstone

Blackstone Inc. (NYSE:BX ) Q4 2022 Earnings Conference Call January 26, 2023 9:00 AM ET Company Participants Weston Tucker - Head of Shareholder Relations Steve Schwarzman - Chairman & Chief Executive Officer Jon Gray - President & Chief Operating Officer Michael Chae - Chief Financial Officer Conference Call Participants Craig Siegenthaler - Bank of America Glenn Schorr - Evercore Michael Cyprys - Morgan Stanley Ken Worthington - JPMorgan Finian O'Shea - WFS Brian Bedell - Deutsche Bank Alex Blostein - Goldman Sachs Gerry O'Hara - Jefferies Adam Beatty - UBS Patrick Davitt - Autonomous Research Ben Budish - Barclays Brian McKenna - JMP Securities Operator Good day, and welcome, everyone, to the Blackstone Fourth Quarter and Full Year 2022 Investor Call. During the presentation, your lines will remain on listen-only.

Blackstone Inc. (BX) Q4 2022 Earnings Call Transcript

Blackstone Inc. BX stock fell 1% in premarket trades on Thursday after the private equity firms said its fourth-quarter net income fell to $557.9 million, or 75 cents a share, from $1.4 billion, or $1.92 a share, in the year-ago quarter. Distributable earnings fell to $1.07 a share in the fourth quarter, from $5.17 a share last year, but beat the analyst estimate of 95 cents a share, according to estimates compiled by FactSet.

Blackstone profit falls, but distributable earnings beat estimates

Blackstone Inc said on Thursday its fourth quarter distributable earnings fell 41% year-on-year as the world's largest manager of alternative assets cashed out fewer investments across its key portfolios.

Blackstone's earnings fall 41% as assets sales slump

The investment firm reported net income of $557.9 million during the fourth quarter, compared with $1.4 billion a year earlier.

Blackstone Net Income Falls as Firm Misses Asset Target

OAKLAND, Calif., & NEW YORK--( BUSINESS WIRE )--The Office of the Chief Investment Officer of the Regents of the University of California (“UC Investments”) and Blackstone (NYSE: BX) today announced an expansion of their long-term strategic venture. UC Investments will acquire an additional $500 million in Blackstone Real Estate Income Trust, Inc. (“BREIT”) Class I common shares with fees and terms consistent with existing BREIT shareholders. This follows the $4 billion investment by UC Investments into BREIT announced on January 3, 2023, bringing its total investment in BREIT to $4.5 billion.

UC Investments to Invest Additional $500 Million in BREIT Common Shares

Airbnb

Ashford Hospitality Trust

Apple Hospitality REIT

Alpine Global Premier Properties Fund

Braemar Hotels & Resorts Inc

Booking Hlds

Cambria Global Real Estate ETF

CBRE Group

Carnival

Choice Hotels Int.

Chatham Lodging Trust

DiamondRock Hospitality

Invesco S&P 500 Equal Weight Real Estate ETF

Expedia

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

FlexShares Global Quality Real Estate Index Fund

Hyatt Hotels

Xtrackers International Real Estate ETF

Hilton Worldwide Holdings

Hoya Capital Housing ETF

Host Hotels & Resorts

Hersha Hospitality Trust Class A

Despite lingering recession concerns and recent travel disruptions, Hotel REITs have been among the better-performing sectors over the past year, buoyed by steady post-pandemic operating improvement fueling long-awaited dividend resumptions. Several years of pent-up leisure demand helped to offset a sluggish business and group travel recovery. Hotel revenues eclipsed record highs in 2022, but with wide dispersion between markets and segments.

Hotel REITs: Dividends Are Back

Enterprise Products Partners

ONEOK

Verizon

W. P. Carey

These companies offer attractive dividends that should keep rising in the future.

5 Exceptional Dividend Stocks Yielding 5% (or More) to Buy Hand Over Fist

Blackstone is working to sell a $480 million stake in Indian REIT, preferring instead to invest in growth opportunities. Bain Capital likely to by Embassy Office Parks.

Blackstone in talks with Bain to sell $480 million stake in top Indian REIT

JPMorgan analyst Ken Worthington on Tuesday upgraded private equity giant Blackstone Inc. to overweight from neutral as the company rolls out new products for wealthy individuals and grows its fee income despite a slowing economy.

Blackstone draws upgrade on recession readiness despite jitters around real estate fund

Investors looking to cash out of non-traded U.S. real estate income trusts (REITs) have pushed redemptions to an all-time high, forcing private equity firms to impose curbs to block withdrawals.

Factbox: Redemption wave hits private REITs amid valuation jitters

I continue to add to this high-conviction position.

Why I Continue Buying This Ultra-High-Yield Stock Hand Over Fist

HAMILTON, Bermuda--( BUSINESS WIRE )--Resolution Life today announced that Nippon Life Insurance Company (“Nippon Life”) has agreed to invest an additional commitment of $1 billion in Resolution Life -- a leading global life and annuity insurance consolidation business -- following the recently announced strategic partnership between Resolution Life and Blackstone.

Nippon Life to Commit Further $1 Billion in Resolution Life, Following Strategic Partnership with Blackstone

Blackstone is in talks to sell around half of its stake in India's largest real estate investment trust Embassy Office Parks to private equity firm Bain Capital, two sources said, in a deal worth up to $480 million at current prices.

Exclusive: Blackstone in talks with Bain to sell $480 mln stake in top Indian REIT-sources

Energy Transfer LP Unit

Gaming and Leisure Properties

Leggett & Platt

Newell Brands

Philip Morris

Even though the Federal Reserve has raised interest rates from 0% to 4.35% over the past year, longer rates on the 10-year and 30-year benchmark notes and bonds have collapsed.

Yields Have Totally Collapsed: 7 ‘Strong Buy' Stocks With Huge Dividends to Grab Now

AGNC Investment

Armada Hoffler Properties

Brookfield Asset Management

Broadmark Realty Capital Inc.

Douglas Emmett

EPR Properties

Equity Commonwealth

Equity Residential

Global Medical REIT

Innovative Industrial Properties

Industrial Logistics Properties

Medical Properties Trust

Annaly Capital

NexPoint Residential Trust

Sabra Health Care

SL Green Realty

Vornado Realty Trust

Vanguard Real Estate ETF

Many high-profile billionaires are loading up on REITs at the moment. I present 5 reasons why REITs are attractive to billionaires and average investors alike.

Billionaires Are Buying REITs (And You Should Too)

Blue Owl Capital

Blackstone and Blue Owl are two investment-grade alternative asset managers with hundreds of billions of dollars in assets under management and attractive dividend yields. Which one is a better buy at the moment?

Better Alternative Asset Manager Buy: Blackstone Vs. Blue Owl

Prologis

Both stocks have 5x moneymaking abilities over the long term, but one could grow faster than the other.

More Likely to 5x First: Prologis vs. Blackstone

News for Blackstone Group Stock (BX)