NYSE$ARES
Ares Management Corporation · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Ares reported strong third quarter results with fundraising momentum, increasing deployment, and strong fund performance.
Ares Management Corporation reported GAAP net income of $118.5 million and after-tax realized income of $316.0 million for the quarter ended September 30, 2024. The company expects a record fundraising year with gross commitments in the mid-$80 billion range.
- Reported strong third quarter results with continued fundraising momentum.
- Experienced increasing deployment and strong fund performance.
- Observed year-over-year growth in key financial metrics.
- Expects 2024 to be a record fundraising year with gross commitments in the mid-$80 billion range.
Headline financials
Revenue & EPS history
Ares · Revenue · Quarterly
$842M
Forward guidance
Based upon a more positive market tone, our third quarter deployment reached nearly $30 billion and we expect to see our investing activities broaden out further across our strategies in the next 12 months.
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 Q3 2024
+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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro