NYSE$OWL

Blue Owl Capital Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Blue Owl demonstrated robust growth, driven by the stability of permanent capital and strong demand for income-oriented strategies.

Blue Owl Capital reported strong first-quarter results, with assets under management growing 76% year-over-year to $102 billion. The company experienced significant growth in retail fundraising and FRE Management fees increased 51% year over year.

  • Assets under management grew 76% year-over-year to $102 billion.
  • Retail fundraising experienced 172% year-over-year growth to $2.2 billion.
  • FRE Management fees increased 51% year-over-year.
  • The company is well-positioned in the face of a rising interest rate environment.

Headline financials

Total Revenue

$276M

Previous: $108M+155.0%
EPS (adj)

$0.11

Previous: $0.12-10.7%
Capital Expenditures

-$18.4M

No prior period
Free Cash Flow

-$30.2M

No prior period
Net Income

-$11.8M

Previous: $39.4M-130.0%
Operating Income

-$105M

Previous: $45.4M-331.0%
Gross Profit

$82.1M

Previous: $60.2M+36.3%
Cash & Equivalents

$186M

No prior period
Total Assets

$8.36B

Previous: $52.5B-84.1%
Stock-Based Comp

$96.6M

No prior period

Revenue & EPS history

Blue Owl Capital · Revenue · Quarterly

$276M

Q1 2022+155%vs Q1 2021
Beat estimate in 8 of 11 quarters(73%)
ActualEstimate

Forward guidance

Blue Owl is poised to meaningfully scale our business across Direct Lending, GP Capital Solutions, and Real Estate, investing in origination and distribution capabilities to drive Blue Owl to the next level in our evolution as a firm.

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 2022

Historical avgQ1 2022

+0.6%

Avg return

Earnings day

+1.5%

Avg return

5 days after

-0.7%

Avg return

30 days after

38%

8 / 21 earnings

Positive

+17.6%

Q3 2022

Best reaction

-14.7%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+10.7%+21.1%+15.8%
Q4 2025-3.6%+7.5%-18.0%
Q3 2025-4.2%-5.4%-9.4%
Q1 2025-3.3%-3.7%+0.8%
Q4 2024-0.7%-5.6%-22.2%
Q3 2024-7.1%-7.7%+2.7%
Q2 2024-14.7%-14.1%-7.5%
Q1 2024-3.8%-2.8%-3.5%
Q4 2023+7.9%+10.0%+7.4%
Q3 2023+5.7%+3.4%+8.4%
Q2 2023+0.1%-0.4%-3.0%
Q1 2023-3.3%-4.8%-2.7%
Q4 2022+4.1%+5.5%-21.1%
Q3 2022+17.6%+20.1%+15.9%
Q2 2022+7.3%+8.4%-5.8%
Q1 2022-2.2%-12.3%-0.8%
Q4 2021-7.2%-7.3%-3.2%
Q3 2021-6.7%-7.1%-11.1%
Q2 2021-0.5%+3.9%+24.4%
Q1 2021+15.9%+24.8%+21.5%
Q4 2020-0.2%-1.8%-2.7%
Q2 2020
Q1 2020

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