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Blue Owl Capital Inc. Fourth Quarter 2023 Results

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Blue Owl Capital Inc. (NYSE:OWL) reported strong financial results for Q4 2023, with revenue and earnings growth, leading to a 30% dividend increase for 2024. The company continues to expand its business and develop new capital solutions for growth.
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The announcement from Blue Owl Capital Inc. regarding their fourth-quarter financial results and subsequent dividend increase is a significant indicator of the company's financial health and operational success. The reported growth in both revenue and earnings, coupled with a substantial 30% dividend increase, suggests that Blue Owl has not only managed to sustain its profitability but is also confident in its ability to generate cash flow in the future. This confidence is further underscored by the expansion of their business across various sectors, which implies a diversified and potentially more stable source of income.

Investors typically view increases in dividends as a positive sign that a company has a reliable earnings stream. In this case, the dividend hike might attract income-focused investors and could potentially lead to an uptick in the stock's demand. However, it is also essential to scrutinize the payout ratio to ensure that the increased dividends do not come at the expense of necessary capital reinvestment or debt repayment. A balance must be maintained to ensure long-term growth and stability.

Blue Owl's strategic move to develop new capital solutions for emerging markets indicates a proactive approach to growth, which is critical in the competitive asset management landscape. By laying the groundwork for expansion into new markets, Blue Owl is positioning itself to capture additional market share and diversify its revenue streams, which can be particularly appealing to investors looking for companies with forward-thinking growth strategies.

It is also worth noting that the company's expansion is not just limited to new markets but also includes scaling its existing platform. This suggests a balanced growth approach, leveraging both existing assets and new opportunities. The emphasis on a growing institutional and wealth footprint could signal Blue Owl's commitment to tapping into the high-net-worth individual segment and institutional investors, which are key drivers of assets under management (AUM) growth in the asset management industry.

The resilience and predictability highlighted by Blue Owl's Co-CEOs reflect a broader economic trend where asset management firms benefit from market volatility through increased demand for diversified investment strategies. As investors seek to mitigate risks, firms offering stable returns and innovative financial products can experience growth even in uncertain economic climates. Blue Owl's performance and strategic direction may also be seen as a microcosm of the asset management industry's ability to adapt to changing market conditions.

From an economic perspective, the expansion into new markets and the development of capital solutions can contribute to economic growth by facilitating investment and liquidity in these markets. However, it is critical to monitor how these strategies align with global economic trends, such as interest rate changes, which can affect investment patterns and the overall attractiveness of the asset management sector.

NEW YORK, Feb. 9, 2024 /PRNewswire/ -- Blue Owl Capital Inc. (NYSE:OWL) ("Blue Owl") today reported its financial results for the fourth quarter ended December 31, 2023.

"Blue Owl reported another strong quarter and year of revenue and earnings growth, showcasing the stability, predictability, and resilience that we believe makes our business model distinct. This has allowed us to increase our 2024 dividend by almost 30%," said Doug Ostrover and Marc Lipschultz, Co-CEOs of Blue Owl. "We continue to see robust expansion across each of our businesses, reflecting clear investor interest in our strategies across an expanding institutional and wealth footprint. Supplementing the scaling of our existing platform, we are developing new capital solutions for a number of new markets, laying the foundation for the next layer of growth."

Blue Owl issued its full detailed presentation of its fourth quarter ended December 31, 2023 results, which can be viewed through the Investor Resources section of Blue Owl's website at https://ir.blueowl.com/Investors/events-and-presentations.

Dividend

Blue Owl declared a quarterly dividend of $0.14 per Class A Share, payable on March 5, 2024, to shareholders of record at the close of business on February 23, 2024. 

Quarterly Investor Call Details:

Blue Owl will host its fourth quarter 2023 investor call via public webcast on February 9, 2024 at 8:30 a.m. ET. To register, please visit the Investor Resources section of Blue Owl's website at https://ir.blueowl.com/overview

The conference call may be accessed by dialing +1 (888) 330-2454 (U.S. callers) or +1 (240) 789-2714 (non-U.S. callers); conference ID 4153114. For those unable to listen to the live broadcast, there will be a webcast replay available on the Investor Resources section of Blue Owl's website.

All callers will need to enter the Conference ID followed by the # sign and reference "Blue Owl Capital" once connected with the operator. All callers are asked to dial in 10-15 minutes prior to the call so that name and company information can be collected.

About Blue Owl

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.

With over $165 billion in assets under management as of December 31, 2023, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional and individual investors differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 685 experienced professionals, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.

Forward Looking Statements

Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "would," "should," "future," "propose," "target," "goal," "objective," "outlook" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Any such forward-looking statements are made pursuant to the safe harbor provisions available under applicable securities laws and speak only as of the date made. Blue Owl assumes no obligation to update or revise any such forward-looking statements except as required by law.

These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Blue Owl's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.

Important factors, among others, that may affect actual results or outcomes include the inability to recognize the anticipated benefits of strategic acquisitions; costs related to acquisitions; the inability to maintain the listing of Blue Owl's shares on the New York Stock Exchange ("NYSE"); Blue Owl's ability to manage growth; Blue Owl's ability to execute its business plan and meet its projections; potential litigation involving Blue Owl; changes in applicable laws or regulations; and the possibility that Blue Owl may be adversely affected by other economic, business, geo-political and competitive factors.

Investor Contact
Ann Dai
Head of Investor Relations
blueowlir@blueowl.com

Media Contact
Nick Theccanat
Principal, Corporate Communications & Public Policy
Nick.Theccanat@blueowl.com

Cision View original content:https://www.prnewswire.com/news-releases/blue-owl-capital-inc-fourth-quarter-2023-results-302058040.html

SOURCE Blue Owl Capital

FAQ

What were Blue Owl Capital Inc.'s financial results for the fourth quarter of 2023?

Blue Owl Capital Inc. reported strong revenue and earnings growth for the fourth quarter of 2023.

How much was Blue Owl Capital Inc.'s dividend increase for 2024?

Blue Owl Capital Inc. increased its dividend by almost 30% for 2024.

When is Blue Owl Capital Inc.'s quarterly dividend payable?

Blue Owl Capital Inc.'s quarterly dividend of $0.14 per Class A Share is payable on March 5, 2024.

When will Blue Owl Capital Inc. host its fourth quarter 2023 investor call?

Blue Owl Capital Inc. will host its fourth quarter 2023 investor call on February 9, 2024, at 8:30 a.m. ET.

Where can the detailed presentation of Blue Owl Capital Inc.'s Q4 2023 results be viewed?

The detailed presentation of Blue Owl Capital Inc.'s Q4 2023 results can be viewed on the Investor Resources section of Blue Owl's website.

Blue Owl Capital Inc.

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