Blackstone Inc announced 1.2 billion USD in net income for 1Q 2025 and 5.1 billion USDs net income for the last 12 months.
Blackstone Inc reported 3.289 billion USD in revenue for 1Q 2025 and 12.8 billion USDs in revenue for the last 12 months.
Revenue in 1Q 2025 was below the 3.7 billion 1Q 2024 number. Net income in Q1 2025 was also below the 1.6 billion reported for 1Q 2024.
Net income and revenue however for the trailing 12 months for 1Q 2025 were around 20 % higher than the trailing 12 months for 1Q 2024.
That underlies Blackstone's success as the company furthers its quest to power the artificial intelligence, AI revolution via the investments it manages.
Blackstone's main strategy is to invest in AI data centers infrastructure and the energy that powers them. As we are witnessing the AI boom, Blackstone's strategy bears fruit and Blackstone's market capitalization is 169.11 billion USDs down from more than 220 billion USD in market capitalization Blackstone is recently valued.
Blackstone via its earnings and revenue multiples is valued more like an artificial intelligence, AI company, according to Wolfteam Ltd.'s projections and estimates.
This is a natural consequence of Blackstone's strategy to use the money it manages to invest in artificial intelligence, AI related infrastructure and energy, in Wolfteam Ltd.'s view.
Below are Blackstone's 1Q 2025 financial results:
GAAP Net Income was $1.2 billion for the quarter and $5.1 billion over the last twelve months (“LTM”). GAAP Net
Income Attributable to Blackstone Inc. was $615 million for the quarter and $2.5 billion over the LTM.
Throughout this presentation, all current period amounts are preliminary and unaudited. Totals may not add due to rounding. See pages 36-38, Definitions and
Dividend Policy, for definitions of terms used throughout this presentation. NCI means non-controlling interests.($ in thousands, except per share data) (unaudited) 1Q'24 1Q'25 1Q'24 LTM 1Q'25 LTM
Revenues
Management and Advisory Fees, Net 1,727,148$ 1,904,317$ 6,740,093$ 7,366,105$
Incentive Fees 179,341 191,825 731,636 976,662
Performance Allocations 1,098,460 825,251 1,742,951 3,555,944
Principal Investments 540,220 344,255 624,248 516,884
Interest and Dividend Revenue 97,839 97,420 523,851 410,740
Other 44,820 (73,610) (33,955) 5,263
Total Revenues 3,687,828$ 3,289,458$ 10,328,824$ 12,831,598$
Expenses
Compensation and Benefits 1,308,304 1,431,840 3,858,163 5,117,589
General, Administrative and Other 369,950 332,373 1,213,861 1,324,332
Interest Expense 108,203 118,115 435,630 453,600
Fund Expenses 3,950 12,104 74,538 27,830
Total Expenses 1,790,407$ 1,894,432$ 5,582,192$ 6,923,351$
Other Income (Loss) (17,767)$ 57,575$ (167,620)$ 124,180$
Income Before Provision for Taxes 1,879,654$ 1,452,601$ 4,579,012$ 6,032,427$
Provision for Taxes 283,671 243,827 749,457 981,827
Net Income 1,595,983$ 1,208,774$ 3,829,555$ 5,050,600$
Redeemable NCI in Consolidated Entities (39,669) 7,900 (278,487) (13,720)
Non-Redeemable NCI in Consolidated Entities 788,266 586,022 1,955,588 2,520,346
Net Income Attributable to Blackstone Inc. (''BX'') 847,386$ 614,852$ 2,152,454$ 2,543,974$
Net Income Per Share of Common Stock, Basic 1.12$ 0.80$ 2.84$ 3.31$
Net Income Per Share of Common Stock, Diluted 1.11$ 0.80$ 2.84$ 3.31
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