DigitalBridge Reports First Quarter 2024 Financial Results

Rhea-AI Summary

DigitalBridge Group, Inc. reported its financial results for the first quarter of 2024, showcasing its dedication to investing in digital infrastructure. The company will hold an earnings conference call and presentation to discuss the results, with a webcast link available on its website. Additionally, an Investor Day is scheduled for May 13, 2024.

Positive

• Demonstrates commitment to investing in digital infrastructure.

• Earnings conference call and presentation to discuss results.

• Webcast link available on the company's website.

• Investor Day scheduled for May 13, 2024.

Negative

• None.

Insights

Financial Analyst

Reviewing DigitalBridge's first quarter 2024 financial results offers a glimpse into the company's current financial health and strategic direction. Investors are often keen on the company's revenue trends, profit margins and earnings per share (EPS) as these metrics are direct indicators of a company's profitability and its potential to deliver value to shareholders.

A deep dive into the cash flow statements and balance sheets is important to understand the sustainability of the company's dividend payments, if any. Also, looking into the management's discussion and analysis section can provide insights into how DigitalBridge is navigating the complexities of the digital infrastructure landscape and its operational efficiencies.

Equally important is to analyze any forward-looking statements and guidance provided by the company which can be a signal of confidence or caution from the management's perspective. Uncertainty in guidance may reflect on the stock's volatility, making it a point of interest for investors who are risk-averse.

Market Research Analyst

It's imperative to consider the wider market and economic conditions when examining DigitalBridge's results. The digital infrastructure sector is influenced by several external factors such as technological advancements, regulatory changes and macroeconomic trends. For instance, increased demand for cloud services and 5G technology could signal a bullish outlook for companies like DigitalBridge.

Investor sentiment can also be swayed by the company’s market position and its competitive landscape. Analysis of peer performance and market share can provide a relative gauge of the company’s standing. In addition, environmental, social and governance (ESG) factors are becoming increasingly important to investors, especially in a field as pivotal to modern society as digital infrastructure.

BOCA RATON, Fla.--(BUSINESS WIRE)-- DigitalBridge Group, Inc. (“DigitalBridge” or the “Company”) (NYSE: DBRG), a leading global alternative asset manager dedicated to investing in digital infrastructure, today announced financial results for the first quarter 2024.

DigitalBridge Reports First Quarter 2024 Financial Results (Graphic: Business Wire)

The earnings presentation is available at the following link, Q1 2024 Presentation.

First Quarter 2024 Conference Call

The Company will conduct an earnings conference call and presentation to discuss the first quarter 2024 financial results today, Tuesday, April 30, 2024, at 5:00 p.m. Eastern Time (EDT). The earnings presentation will be broadcast live over the Internet and a webcast link can be accessed on the Shareholders section of the Company’s website at the following link - DigitalBridge Group, Inc. First Quarter 2024 Earnings Call.

To participate in the event by telephone, please dial (877) 407-4018 ten minutes prior to the start time (to allow time for registration). International callers should dial (201) 689-8471.

For those unable to participate during the live call, a replay will be available starting April 30, 2024, at 8:00 p.m. EDT. To access the replay, dial (844) 512-2921 (U.S.), and use conference ID 13745565. International callers should dial (412) 317-6671 and enter the same conference ID number.

Investor Day

Additionally, the Company will host an Investor Day on May 13, 2024, at 2:00 p.m. EDT. A live webcast and investor day materials will be available on the day of the event. To register for more information, please visit ir.digitalbridge.com/events. In-person attendance is by invitation.

About DigitalBridge

DigitalBridge (NYSE: DBRG) is a leading global alternative asset manager dedicated to investing in digital infrastructure. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages over $80 billion of infrastructure assets on behalf of its limited partners and shareholders. Headquartered in Boca Raton, DigitalBridge has key offices in New York, Los Angeles, London, Luxembourg, and Singapore. For more information, visit: www.digitalbridge.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240430303105/en/

Investors:

Severin White

Managing Director

(212) 547-2777

severin.white@digitalbridge.com

Media:

Joele Frank, Wilkinson Brimmer Katcher

Jon Keehner / Sarah Salky

(212) 355-4449

dbrg-jf@joelefrank.com

Source: DigitalBridge Group, Inc.

FAQ

When did DigitalBridge report its financial results for the first quarter of 2024?

DigitalBridge reported its financial results for the first quarter of 2024.

What is the stock symbol for DigitalBridge Group, Inc.?

The stock symbol for DigitalBridge Group, Inc. is 'DBRG'.

When will the earnings conference call and presentation take place?

The earnings conference call and presentation will take place on April 30, 2024, at 5:00 p.m. Eastern Time (EDT).

When is the Investor Day scheduled?

The Investor Day is scheduled for May 13, 2024, at 2:00 p.m. Eastern Time (EDT).