The Blackstone Group L P
- Blackstone Inc. inched up 0.01% to $130.40 after the asset management company reported first-quarter 2025 results.
Revenue declined to $3.29 billion from $3.69 billion, net income dropped to $614.85 million from $847.39 million, and diluted earnings per share slipped to 80 cents from $1.11 a year ago.
Total assets under management increased 10% from the prior year to $1.17 trillion, with $61.6 billion of inflows in the quarter and $199.1 billion over the last twelve months.
The company repurchased 0.2 million shares in the quarter and 3.5 million shares over the last twelve months, with a remaining authorization of $1.8 billion at March 31.
Blackstone proposed a quarterly dividend of 93 cents per share, payable on May 5 to shareholders on record as of April 28.
Apr 18, 2025
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