NYSE$ARES
Ares Management Corporation · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Ares reported strong growth in key financial metrics despite market volatility.
Ares Management Corporation reported GAAP net income of $94.0 million and after-tax realized income of $232.0 million for the quarter ended March 31, 2023. The company achieved mid 20% year-over-year growth in management fees and fee related earnings. With $16 billion in gross inflows in the first quarter, the company is off to a strong start with its fundraising pipeline.
- GAAP net income attributable to Ares Management Corporation was $94.0 million.
- After-tax realized income was $232.0 million.
- Fee related earnings were $254.6 million.
- Gross inflows totaled $16 billion.
Headline financials
Revenue & EPS history
Ares · Revenue · Quarterly
$601M
Forward guidance
Ares remains on track with its growth objectives based on its outlook for fundraising and deployment coupled with the prospects of margin expansion in the back half of this year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.4%
Avg return
Earnings day
+1.9%
Avg return
5 days after
+1.4%
Avg return
30 days after
53%
26 / 49 earnings
Positive
+8.5%
Q2 2022
Best reaction
-11.2%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.8% | +5.5% | +9.4% | |
| Q4 2025 | -11.2% | -0.2% | -19.8% | |
| Q3 2025 | +5.5% | +3.5% | +9.0% | |
| Q2 2025 | -1.6% | +2.0% | -3.4% | |
| Q1 2025 | +3.2% | +6.4% | +8.7% | |
| Q4 2024 | -2.9% | -2.8% | -20.7% | |
| Q3 2024 | -4.8% | +2.9% | +5.4% | |
| Q2 2024 | -10.3% | -9.3% | -1.9% | |
| Q1 2024 | +0.2% | +4.2% | +6.4% | |
| Q4 2023 | +6.1% | +4.7% | +4.1% | |
| Q3 2023 | +0.3% | +5.6% | +10.7% | |
| Q2 2023 | +1.2% | +1.0% | +4.3% | |
| Q1 2023 | +2.5% | -1.6% | +2.1% | |
| Q4 2022 | -0.2% | -1.9% | -12.9% | |
| Q3 2022 | +6.5% | +8.2% | +8.7% | |
| Q2 2022 | +8.5% | +10.0% | +13.7% | |
| Q1 2022 | -5.8% | -1.4% | +3.5% | |
| Q4 2021 | -2.3% | +2.4% | -11.4% | |
| Q3 2021 | +2.0% | -0.6% | -2.8% | |
| Q2 2021 | +4.3% | +6.0% | +9.3% | |
| Q1 2021 | -6.4% | -8.3% | -1.7% | |
| Q4 2020 | +1.6% | +4.1% | +9.1% | |
| Q3 2020 | -1.9% | -2.0% | +5.2% | |
| Q2 2020 | -0.3% | +4.1% | -2.0% | |
| Q1 2020 | +7.7% | +7.3% | +22.0% | |
| Q4 2019 | -1.5% | -1.3% | -21.1% | |
| Q3 2019 | +5.5% | +6.9% | +11.3% | |
| Q2 2019 | -2.8% | -9.5% | -1.3% | |
| Q1 2019 | +1.2% | +2.1% | +4.0% | |
| Q4 2018 | +6.8% | +8.7% | +9.9% | |
| Q3 2018 | +7.2% | +10.2% | +14.4% | |
| Q2 2018 | +0.2% | +0.7% | +1.9% | |
| Q1 2018 | -3.3% | -2.7% | -2.4% | |
| Q4 2017 | +5.9% | +4.4% | -5.9% | |
| Q3 2017 | +1.1% | +1.3% | -1.9% | |
| Q2 2017 | -0.3% | +0.0% | -0.3% | |
| Q1 2017 | -3.4% | -0.5% | -4.5% | |
| Q4 2016 | -5.4% | -4.6% | -20.6% | |
| Q3 2016 | -1.0% | +9.0% | +10.0% | |
| Q2 2016 | -0.5% | +1.2% | +6.9% | |
| Q1 2016 | -1.5% | — | — | |
| Q4 2015 | +0.2% | — | — | |
| Q3 2015 | -3.1% | — | — | |
| Q2 2015 | -0.2% | — | — | |
| Q1 2015 | +1.4% | — | — | |
| Q4 2014 | +2.3% | — | — | |
| Q3 2014 | +6.2% | — | — | |
| Q2 2014 | -0.2% | — | — | |
| Q1 2014 | +0.3% | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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