Blackstone Inc.

BX
Sector

Financials

Industry

Asset Management

Market Cap

$235.04B

Employees

4.7K

Company Overview

Blackstone is the world's largest alternative asset manager, focusing on delivering returns for institutional and individual investors. The company's core business model involves investing across various asset classes, including real estate, private equity, credit, and hedge funds, leveraging its scale, diversified business, and rigorous investment process. Blackstone has a global presence with key markets in the Americas, Europe, and Asia.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Total revenues increased to $3,663.2 million for the three months ended September 30, 2024, from $2,541.3 million for the same period in 2023. This growth was primarily driven by an increase in management and advisory fees, which rose to $1,794.9 million from $1,655.4 million year-over-year.

Net income attributable to Blackstone Inc. increased to $780.8 million for the three months ended September 30, 2024, compared to $552.0 million for the same period in 2023, indicating improved profitability.

Total expenses increased to $1,896.1 million for the three months ended September 30, 2024, from $1,374.9 million for the same period in 2023. This increase was primarily driven by an increase in compensation and benefits, which rose to $1,440.3 million from $946.2 million year-over-year.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

3 Insights

Market Environment

3 Insights