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This statistic highlights Blackstone’s Revenue Breakdown Worldwide, split between Incentive Fees, Interest and Dividend Income, Investment Income, Management and Advisory Fees, Net, Other Income and Performance fees.
Business Vertical | Q1 2022 | Q4 2022 | Q1 2023 | YoY Growth (Q1 2023) |
Incentive Fees | 104,489 | 2,10,264 | 142,876 | 37% |
Interest and Dividend Income | 54,485 | 1,02,632 | 90,485 | 66% |
Investment Income | 34,18,501 | -13,993 | -4,95,677 | -114% |
Management and Advisory Fees, Net | 14,75,936 | 1648,438 | 16,58,315 | 12% |
Other | 72,869 | -2,43,282 | -14,154 | -119% |
Total | 51,26,280 | 17,04,059 | 13,81,845 | -73% |
(All the figures are in thousands USD, except percentages)
The total revenue for the business vertical in Q1 2023 was $138.18 million USD. However, there was a significant year-on-year decline of -73% compared to Q1 2022, indicating a challenging period for the business during this time.
Incentive Fees:
This industry saw significant growth, increasing from $10,489 thousand in Q1 2022 to $210,264 thousand in Q4 2022. Despite a small decline to $142,876 thousand in the first quarter of 2023, the YoY growth rate remained remarkable at 37%. This expansion shows that Blackstone has been successful in providing returns to its clients, as seen by larger incentive payments.
Interest and Dividend income:
With sales rising from $54,485 thousand in Q1 2022 to $102,632 thousand in Q4 2022 and then to $90,485 thousand in Q1 2023, this segment has proven to be a reliable growth engine. The segment’s YoY growth rate was 66%, demonstrating the success of Blackstone’s investing strategy in assets with an income stream.
Investment Income:
This market saw a lot of volatility, with revenue of $34,18,501 thousand in the first quarter of 2022 falling to -$13,993 thousand in the fourth, and then further falling to -$4,95,677 thousand in the first quarter of 2023. This segment’s YoY growth rate was -114%, which indicates that investments during this time period lost money.
Management and Advisory Fees, Net:
This industry saw consistent growth, with sales rising from $14,75,936 in Q1 2022 to $1648,438 in Q4 2022 and then to $16,58,315 in Q1 2023. The 12% YoY growth rate demonstrates Blackstone’s capacity to draw in and keep customers for its asset management and consulting services.
Other:
The income for the Other category fluctuated, starting at $72,869 thousand in Q1 2022, dropping to -$2,43,282 thousand in Q4 2022, and then a little bit increasing to -$14,154 thousand in Q1 2023. This segment’s YoY growth rate was -119%, which highlights issues that need more research.
About the company
Blackstone is a well-known worldwide investment firm headquartered in New York City that was founded in 1985. With a solid reputation and significant experience, Blackstone has grown to become one of the world’s largest alternative asset managers. The firm specializes in private equity, real estate, credit, and hedge fund investments for institutional and individual clients. Blackstone’s expert team of professionals is dedicated to providing outstanding returns and value to its investors while upholding the highest levels of integrity and ethics. Blackstone remains a key player in the financial industry, with a track record of profitable investments and strategic acquisitions.
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