Blackstone Inc. reported 615 million USD of net income in 1Q 2025 compared to 847 million USD of net income in 1Q 2024.
Blackstone, with 1.1675 trillion USD of assets under management with fee earning 860.1 billion USDs and of perpetual capital of 464.4 billion USDs goes on delivering excellent investment performance.
Blackstone investment strategy is focused on artificial intelligence, AI where Blackstone provides financing for data centers via infrastructure and computer servers and lends money to and invest via its private equity business via leveraged buyouts of technology companies, mainly mid market but also large capitalization technology giants. Via its private equity asset management business Blackstone purchases infrastructure for online merchandising as well as artificial intelligence, AI server colocation.
Since many technologists, technology entrepreneurs, technology billionaires, Wall Street equity research analysts and other analysts and investors broadly accept we are living in the fourth industrial revolution driven by artificial intelligence, AI Blackstone's AI investment strategy continues to bear fruit by getting above average investment results, according to Wolfteam Ltd.'s projections and estimates.
Blackstone is consistently profitable and pays out a 2.88 % dividend yield, which attracts huge institutional investor base which broadly owns and supports Blackstone' stock.
Blackstone's net profit margin decreased in 1Q 2025 to circa 18 % from circa 23 % in 1Q 2025, but Blackstone remains hugely profitable enterprise. Blackstone's revenue increased to 12.83 billion USDs in the 12 months to 1Q 2025 from 10.33 billion USDs to the twelve months in 1Q 2024. This is driven by increase in the asset management base of Blackstone.
Inflows in 1Q 2025 reached $62 billion — the highest level in nearly three years —'reflecting the deep trust Blackstone has built with investors over decades.'.
The continued lagged inflows continue to reflect the resiliency of Blackstone's business model and the preciseness of Blackstone's investment strategy to continue to finance the artificial intelligence, AI boom. Of course, in the January approximately 22 % falls of the Nasdaq Composite and technology shares broadly Blackstone lost circa 34 % of its value and is yet to recover.
But the 62 billion USDs of inflows in Blackstone's funds in the first quarter of 2025 reflects investors' trust in Blackstone's investment prowess and the artificial intelligence, AI revolution as a whole.
The intrinsic value of Blackstone is 430 billion USDs, according to Wolfteam Ltd.'s projections and estimates.
Below is Blackstone's 1st Quarter 2025 earnings statement:
$ 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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