NYSE$DBRG
DigitalBridge Group Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
DigitalBridge reported an increase in fee revenue and fee-related earnings, driven by organic fundraising, and new capital formation increased.
DigitalBridge Group, Inc. reported first quarter 2024 total revenues of $74 million, a GAAP net loss attributable to common stockholders of ($44) million, or ($0.28) per share, and Distributable Earnings of $2.2 million, or $0.01 per share.
- Fee Revenue was $72.8 million, up 21% year-over-year driven by higher FEEUM.
- Fee Related Earnings were $19.6 million, up 28% year-over-year.
- Distributable Earnings (DE) were $2.2 million, an increase from ($7.4) million in the prior year.
- New Capital Formation of $1.1 billion during the first quarter of 2024, driven by continuing commitments to the latest DBP Series and initial commitments to the firm’s second credit strategy.
Headline financials
Revenue & EPS history
DigitalBridge · Revenue · Quarterly
$74.4M
Revenue by segment
DigitalBridge · $197M total across 3 segments · Q3 2023
- Carried interest allocation$169M—85.5%
- Principal investment income$17.9M—9.1%
- Other income$10.6M+362.3%5.4%
Forward guidance
DigitalBridge remains on track to meet or exceed its 2024 capital formation targets.
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 2024
-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
| Quarter | Report date | Reaction (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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