Blackstone Inc.
(NYSE:BX) reported second-quarter results on Thursday that topped Wall Street expectations, as strong fee-related earnings, fundraising and AI-driven investments boosted profitability.
Blackstone Earnings Top Estimates Distributable earnings came in at $1.52 per share, beating the analyst consensus estimate of $1.35.
Total segment revenue rose to $3.80 billion, ahead of the $3.46 billion consensus estimate.
Fee-Related Earnings And AUM Continue To Climb Distributable earnings increased 26% year over year to $1.98 billion, while fee-related earnings rose 22% to $1.78 billion.
