DigitalBridge Reports Fourth Quarter & Full Year 2023 Financial Results

Rhea-AI Summary

DigitalBridge Group, Inc. (DBRG) reports strong financial results for Q4 and full year 2023, showcasing growth in investment management fees and fee-related earnings. The company's CEO, Marc Ganzi, highlights the successful deconsolidation of the Operating segment, positioning the company as a profitable alternative asset manager ready to expand in 2024 to meet the increasing demand for digital infrastructure.

Insights

Financial Analyst

The announcement by DigitalBridge Group, Inc. regarding its fourth quarter and full year financial results is indicative of a positive trajectory in the company's operations, particularly noting the 'best quarter in investment management fees and fee-related earnings.' This suggests a robust growth in the company's core revenue-generating activities, which is a critical factor for investors assessing the company's performance. The deconsolidation of its Operating segment signifies a strategic move to streamline the business, potentially improving financial clarity and operational efficiency.

Investors should consider the implications of the company's positioning within the digital infrastructure sector, especially in light of the increasing demand driven by AI technologies. The sector is experiencing significant growth due to the expansion of cloud computing, 5G networks and data centers. DigitalBridge's emphasis on scaling to meet this demand could signal potential for future revenue growth and market share expansion, which may influence the company's stock performance positively in the medium to long term.

Market Research Analyst

The digital infrastructure market is becoming increasingly competitive and vital for technological advancements, including AI. DigitalBridge's focus on this sector positions it at the center of a transformative industry. The company's financial results, particularly the success in investment management fees, highlight its capability to capitalize on market trends and the growing necessity for digital infrastructure investments.

From a market perspective, the company's strategy to simplify its structure and concentrate on its core competencies could be seen as an attractive move for investors who prefer organizations with a clear and focused business model. This simplification can lead to better resource allocation and potentially higher returns on invested capital. Moreover, the mention of 'AI-led demand' aligns the company with future-forward market trends, which is a positive signal to investors looking for growth opportunities in tech-centric portfolios.

Economist

From an economic standpoint, the performance of companies like DigitalBridge Group, Inc. is a barometer for the health of the alternative asset management and digital infrastructure industries. The reported increase in fee-related earnings reflects not only company-specific success but also suggests a healthy investment climate in the sector. The strategic deconsolidation move could be interpreted as an attempt to improve capital efficiency, a key metric for economic productivity.

Additionally, the company's growth trajectory amidst increasing AI-driven demand points to broader economic trends, such as the digitization of the economy and the proliferation of data consumption. These trends are likely to continue bolstering the digital infrastructure sector, potentially contributing to economic growth through increased investment and employment opportunities.

BOCA RATON, Fla.--(BUSINESS WIRE)-- DigitalBridge Group, Inc. (NYSE: DBRG), a leading global alternative asset manager dedicated to investing in digital infrastructure, today announced financial results for the fourth quarter and full year ending December 31, 2023.

DigitalBridge Reports Fourth Quarter & Full Year 2023 Financial Results (Graphic: Business Wire)

“We had a strong finish to 2023 with the best quarter in investment management fees and fee-related earnings since we assumed leadership at DigitalBridge. Following the successful deconsolidation of our Operating segment in the fourth quarter, today we are a simple, profitable, and fast-growing alternative asset manager, well-positioned to continue scaling our platform in 2024 to meet the AI-led demand for digital infrastructure,” said Marc Ganzi, Chief Executive Officer, DigitalBridge.

The earnings presentation and supplemental financial presentation are available at the following links:

• Q4 2023 Presentation
• Q4 2023 Supplemental Financial Presentation

Fourth Quarter 2023 Conference Call

The Company will conduct an earnings conference call and presentation to discuss the fourth quarter 2023 financial results today, Tuesday, February 20, 2024, at 8:00 a.m. Eastern Time (ET). 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. Fourth Quarter and Full Year 2023 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 February 21, 2024, at 9:00 a.m. ET. To access the replay, dial (844) 512-2921 (U.S.), and use passcode 13739028. International callers should dial (412) 317-6671 and enter the same conference ID number.

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.

Cautionary Statement Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. Factors that might cause such a difference include changes to the level of demand for digital infrastructure, the Company’s ability to continue to scale its platform and other risks and uncertainties, including those detailed in DigitalBridge’s Annual Report on Form 10-K for the year ended December 31, 2022, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2023, June 30, 2023 and September 30, 2023, and its other reports filed from time to time with the U.S. Securities and Exchange Commission. All forward-looking statements reflect DigitalBridge’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. DigitalBridge cautions investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this press release. DigitalBridge is under no duty to update any of these forward-looking statements after the date of this press release, nor to conform prior statements to actual results or revised expectations, and DigitalBridge does not intend to do so.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240220316413/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

What are the financial results for DigitalBridge Group, Inc. (DBRG) for the fourth quarter and full year 2023?

DigitalBridge Group, Inc. (DBRG) reported strong financial results for the fourth quarter and full year 2023, with the best quarter in investment management fees and fee-related earnings since assuming leadership.

Who is the CEO of DigitalBridge Group, Inc. (DBRG) and what did they mention about the company's performance?

Marc Ganzi, the CEO of DigitalBridge Group, Inc. (DBRG), highlighted the successful deconsolidation of the Operating segment and the company's position as a profitable alternative asset manager ready to scale in 2024 to meet the AI-led demand for digital infrastructure.

When will the earnings conference call and presentation to discuss the fourth quarter 2023 financial results take place?

The earnings conference call and presentation to discuss the fourth quarter 2023 financial results will take place on Tuesday, February 20, 2024, at 8:00 a.m. Eastern Time (ET).

How can one access the earnings presentation and supplemental financial presentation for DigitalBridge Group, Inc. (DBRG)?

The earnings presentation and supplemental financial presentation for DigitalBridge Group, Inc. (DBRG) can be accessed through the links provided in the press release or on the Shareholders section of the company's website.

What should participants do to join the earnings conference call by telephone?

Participants looking to join the earnings conference call by telephone should dial (877) 407-4018 (U.S.) or (201) 689-8471 (International) ten minutes prior to the start time.