Blackstone (NYSE:BX) Full Year 2024 Results

Key Financial Results

• Revenue: US$12.7b (up 65% from FY 2023).
• Net income: US$2.78b (up 100% from FY 2023).
• Profit margin: 22% (up from 18% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$3.62 (up from US$1.84 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Blackstone Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 5.6%.

The primary driver behind last 12 months revenue was the Private Equity segment contributing a total revenue of US$4.83b (38% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$4.43b (56% of total expenses). Explore how BX's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Capital Markets industry in the US.

The company's shares are down 4.9% from a week ago.

Risk Analysis

You should always think about risks.

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