Financials
Asset Management
$235.04B
4.7K
Key insights and themes extracted from this filing
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.