Blackstone Reports Q1 Fiscal 2025 Results

Blackstone Inc. revealed a 10.8% year-over-year decline in total revenue for the first quarter of fiscal 2025, amounting to $3.28 billion. This downturn was largely due to decreased 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, the firm saw a significant 10% rise in its assets under management (AUM), reaching $1.17 trillion, fueled by $61.64 billion in inflows during the quarter.

Leadership's Perspective

Stephen A. Schwarzman, Chairman and Chief Executive Officer, commented, "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."

Market Reaction

Following the announcement, Blackstone shares experienced a 3.12% drop in premarket trading in New York, settling at $129.38.