Blackstone Reports Strong Q3 Earnings, Shares Surge 7%

Blackstone Inc. (NYSE:BX) reported third-quarter earnings and revenue that beat analyst forecasts, lifting shares by nearly 7% intra-day today.

In the third quarter, Blackstone delivered an EPS of $1.01, outpacing the Street estimate of $0.98. Revenue also exceeded expectations, reaching $3.66 billion compared to the projected $2.68 billion. Total assets under management (AUM) climbed to an impressive $1.01 trillion, a 6% increase year-over-year, while fee-earning AUM rose 4% to $734.5 billion. Perpetual capital assets under management also grew, up 8% to $388.3 billion.

The firm attracted over $25 billion in new capital this quarter, with total capital inflows over the past year reaching $138.9 billion. Blackstone actively deployed $12.4 billion during the third quarter, contributing to $61.4 billion in investments over the last twelve months.

With a strong long-term performance record and $200 billion in “dry powder” for future investments, Blackstone emphasized its readiness to capitalize on opportunities in uncertain markets. CEO Stephen Schwarzman highlighted the firm’s brand strength and strategic positioning as key factors supporting sustained capital-raising and resilient performance despite challenging economic conditions.