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Blue Owl Capital Inc. Third Quarter 2024 Results

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Blue Owl Capital (NYSE:OWL) reported strong Q3 2024 results with over 25% management fee growth and 30% revenue growth year-over-year. The company achieved its second-highest quarterly fundraising, demonstrating robust organic trends across its business. Blue Owl announced an agreement to acquire IPI's business, expanding its presence in digital infrastructure. The company declared a quarterly dividend of $0.18 per Class A Share, payable on November 22, 2024, to shareholders of record as of November 11, 2024.

Blue Owl Capital (NYSE:OWL) ha riportato risultati solidi per il Q3 2024, con una crescita delle commissioni di gestione superiore al 25% e una crescita dei ricavi del 30% su base annua. L'azienda ha raggiunto il suo secondo migliore fundraising trimestrale, dimostrando tendenze organiche robuste in tutto il suo business. Blue Owl ha annunciato un accordo per acquisire l'attività di IPI, espandendo la sua presenza nell'infrastruttura digitale. L'azienda ha dichiarato un dividendo trimestrale di $0.18 per azione di Classe A, che sarà pagato il 22 novembre 2024, agli azionisti registrati al 11 novembre 2024.

Blue Owl Capital (NYSE:OWL) reportó resultados sólidos en el tercer trimestre de 2024, con un crecimiento de tarifas de gestión superior al 25% y un crecimiento de ingresos del 30% interanual. La compañía logró su segundo mayor levantamiento de fondos trimestral, demostrando tendencias orgánicas robustas en todo su negocio. Blue Owl anunció un acuerdo para adquirir el negocio de IPI, ampliando su presencia en infraestructura digital. La compañía declaró un dividendo trimestral de $0.18 por acción Clase A, pagadero el 22 de noviembre de 2024, a los accionistas registrados hasta el 11 de noviembre de 2024.

블루 오울 캐피탈 (NYSE:OWL)는 2024년 3분기 실적을 보고하며 관리 수수료가 25% 이상 성장하고 수익이 전년 대비 30% 성장했다고 발표했습니다. 이 회사는 분기별 자금 조달 두 번째로 높은 실적을 기록하며, 사업 전반에 걸쳐 강력한 유기적 추세를 보여주었습니다. 블루 오울은 IPI의 비즈니스를 인수하는 계약을 발표하며 디지털 인프라에서의 입지를 확장했습니다. 이 회사는 2024년 11월 22일에 기록된 주주에게 지급될 클래식 A 주식당 $0.18의 분기 배당금을 선언했습니다.

Blue Owl Capital (NYSE:OWL) a annoncé de solides résultats pour le troisième trimestre 2024, avec une croissance des frais de gestion de plus de 25 % et une croissance des revenus de 30 % d'une année sur l'autre. L'entreprise a enregistré sa deuxième collecte de fonds trimestrielle la plus élevée, démontrant des tendances organiques robustes dans l'ensemble de son activité. Blue Owl a annoncé un accord pour acquérir l'activité d'IPI, élargissant ainsi sa présence dans les infrastructures numériques. L'entreprise a déclaré un dividende trimestriel de $0.18 par action de classe A, payable le 22 novembre 2024, aux actionnaires enregistrés au 11 novembre 2024.

Blue Owl Capital (NYSE:OWL) hat starke Ergebnisse für das dritte Quartal 2024 gemeldet, mit einem Wachstum der Verwaltungsgebühren von über 25 % und einem Umsatzwachstum von 30 % im Jahresvergleich. Das Unternehmen erzielte die zweithöchste vierteljährliche Mittelbeschaffung und zeigte damit robuste organische Trends in seinem Geschäft. Blue Owl gab bekannt, dass eine Vereinbarung zur Übernahme des Geschäfts von IPI getroffen wurde, um seine Präsenz in der digitalen Infrastruktur auszubauen. Das Unternehmen erklärte eine vierteljährliche Dividende von $0.18 pro Aktienklasse A, fällig am 22. November 2024, an die Aktionäre, die am 11. November 2024 eingetragen sind.

Positive
  • Management fee growth exceeded 25% year-over-year
  • Revenue growth surpassed 30% year-over-year
  • Achieved second-highest quarterly fundraising in company history
  • Strategic acquisition of IPI's business to expand digital infrastructure presence
Negative
  • None.

Insights

Blue Owl Capital demonstrates remarkable resilience with 25% management fee growth and 30% revenue growth year-over-year, showcasing the strength of their permanent capital model. The quarterly dividend of $0.18 per Class A Share maintains steady shareholder returns. The strategic acquisition of IPI's business marks a significant expansion into digital infrastructure, particularly data centers, complementing their existing Atalaya capabilities in asset-based finance.

The company's success in fundraising, achieving their second-highest quarter historically, indicates strong investor confidence and effective market positioning. The expansion into data centers and asset-based finance - both trillion-dollar markets - positions Blue Owl strategically in high-growth sectors. Their focus on permanent capital provides stability in volatile market conditions, while diversification into digital infrastructure offers exposure to secular growth trends.

NEW YORK, Oct. 31, 2024 /PRNewswire/ -- Blue Owl Capital Inc. (NYSE:OWL) ("Blue Owl") today reported its financial results for the third quarter ended September 30, 2024.

"Blue Owl has continued to generate resilient and strong growth against a volatile market backdrop, with management fee growth of more than 25% and revenue growth of more than 30% year over year. The robust organic trends across our business reflect our durable permanent capital base and increasing investor interest in the strategies we manage, leading us to the second highest quarter of fundraising in Blue Owl's history." said Doug Ostrover and Marc Lipschultz, Co-CEOs of Blue Owl. "In addition, we recently announced our agreement to acquire IPI's business, reflecting a significant step forward in Blue Owl's presence in the digital infrastructure ecosystem. Between IPI's expertise in data centers and Atalaya's capabilities in asset based finance, both of which are multi-trillion dollar markets, we believe we are further positioning Blue Owl to be on the forefront of trends that will define the alternatives industry in the coming decade."

Blue Owl issued its full detailed presentation of its third quarter ended September 30, 2024 results, which can be viewed through the Shareholders section of Blue Owl's website at https://ir.blueowl.com/Investors/events-and-presentations.

Dividend
Blue Owl declared a quarterly dividend of $0.18 per Class A Share, payable on November 22, 2024, to shareholders of record at the close of business on November 11, 2024.

Quarterly Investor Call Details:
Blue Owl will host its third quarter 2024 investor call via public webcast on October 31, 2024 at 10:00 a.m. ET. To register, please visit the Shareholders 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 Shareholders 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 $235 billion in assets under management as of September 30, 2024, 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 investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 1,050 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 & Government Affairs
Nick.Theccanat@blueowl.com

 

Cision View original content:https://www.prnewswire.com/news-releases/blue-owl-capital-inc-third-quarter-2024-results-302292416.html

SOURCE Blue Owl Capital

FAQ

What was Blue Owl Capital's (OWL) management fee growth in Q3 2024?

Blue Owl Capital reported management fee growth of more than 25% year-over-year in Q3 2024.

What is the Q3 2024 dividend for Blue Owl Capital (OWL)?

Blue Owl Capital declared a quarterly dividend of $0.18 per Class A Share, payable on November 22, 2024.

What major acquisition did Blue Owl Capital (OWL) announce in Q3 2024?

Blue Owl Capital announced an agreement to acquire IPI's business to expand its presence in the digital infrastructure ecosystem.

What was Blue Owl Capital's (OWL) revenue growth in Q3 2024?

Blue Owl Capital reported revenue growth of more than 30% year-over-year in Q3 2024.

Blue Owl Capital Inc.

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