NYSE$DBRG

DigitalBridge Group Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Announced financial results for the first quarter ended March 31, 2023.

DigitalBridge reported Q1 2023 total revenues of $250 million, a GAAP net loss attributable to common stockholders of $(212) million, or $(1.34) per share, and Distributable Earnings of $(3) million, or $(0.02) per share.

  • Made steady progress during the quarter on key strategic priorities for 2023.
  • On track to achieve capital formation and corporate simplification goals.
  • Seeing increasingly compelling opportunities to deploy capital in a more rational market environment.
  • Supporting the continued growth of portfolio companies as they build next generation networks to meet growing demand for connectivity and compute.

Headline financials

Total Revenue

$250M

Previous: $257M-2.8%
EPS (adj)

-$1.25

Previous: -$1.84+32.1%
FEEUM

$69B

Previous: $44.5B+55.1%
Free Cash Flow

-$198M

Previous: -$247M+19.8%
Net Income

-$198M

Previous: -$247M+19.8%
Operating Income

-$15M

Previous: $17M-188.5%
Gross Profit

$153M

Previous: $173M-11.8%
Cash & Equivalents

$669M

Previous: $1.12B-40.2%
Total Assets

$10.7B

Previous: $11.2B-4.4%
Stock-Based Comp

$16.6M

Previous: $18.7M-11.3%

Revenue & EPS history

DigitalBridge · Revenue · Quarterly

$250M

Q1 2023-2.8%vs Q1 2022
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

DigitalBridge · -$39.9M total across 3 segments · Q1 2023

  • Other income
    $11.3M-6.7%
  • Principal investment income
    $3.56M-44.8%
  • Carried interest allocation
    -$54.8M-76.2%

Forward guidance

No specific forward guidance was provided in the press release.

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

Historical avgQ1 2023

-1.8%

Avg return

Earnings day

-3.0%

Avg return

5 days after

-0.8%

Avg return

30 days after

44%

17 / 39 earnings

Positive

+16.7%

Q2 2020

Best reaction

-22.9%

Q4 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-0.3%+0.6%
Q4 2025+0.4%+0.7%+0.2%
Q3 2025-2.5%-7.0%-23.5%
Q1 2025+4.5%+4.6%+31.7%
Q4 2024+14.0%+6.4%-14.1%
Q3 2024-20.4%-18.7%-16.5%
Q2 2024+4.4%-2.3%-7.6%
Q1 2024-17.2%-13.8%-19.7%
Q4 2023-9.2%-5.3%-3.7%
Q3 2023+2.3%+0.9%+10.5%
Q2 2023+5.1%+6.7%+9.0%
Q1 2023-9.0%-4.0%+9.7%
Q4 2022-10.1%-9.2%-21.2%
Q3 2022-4.6%-8.0%+9.7%
Q2 2022-0.5%-1.8%-18.2%
Q1 2022-7.1%-22.6%-19.9%
Q4 2021+4.8%+6.6%+4.9%
Q3 2021+6.8%+11.9%+13.6%
Q2 2021+2.3%+4.5%+0.4%
Q1 2021-0.3%-7.3%+4.3%
Q4 2020-3.1%-2.6%+2.0%
Q3 2020+0.3%+6.1%+27.8%
Q2 2020+16.7%+29.3%+38.4%
Q1 2020-14.8%-26.7%+41.0%
Q4 2019+6.7%+2.2%-45.0%
Q3 2019-7.8%-11.5%-12.2%
Q2 2019-13.0%-17.0%-5.1%
Q1 2019-0.6%+2.0%+3.0%
Q4 2018-4.3%-4.3%-4.3%
Q3 2018+5.7%+5.4%+5.0%
Q2 2018+0.0%+0.0%+0.0%
Q1 2018-5.0%-5.5%-8.3%
Q4 2017-22.9%-24.7%-27.8%
Q3 2017+2.9%+0.9%-1.4%
Q2 2017-0.1%-5.7%-9.6%
Q1 2017+0.5%+0.5%+8.0%
Q4 2016+1.7%-4.3%-10.0%
Q3 2016+2.0%-0.9%+8.2%
Q2 2016-0.2%-1.1%+9.0%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014

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