NYSE$OWL

Blue Owl Capital Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Blue Owl reported a strong quarter with higher management fees and demonstrated predictability in its business model.

Blue Owl Capital reported a strong first quarter of 2024, marked by the 12th consecutive quarter of higher management fees. The company continues to scale its existing businesses and broaden its suite of investment solutions with recent acquisitions aimed at expanding insurance asset management and real estate credit capabilities.

  • Blue Owl reported its financial results for the first quarter ended March 31, 2024.
  • The company experienced its 12th consecutive quarter of higher management fees.
  • Blue Owl is expanding its investment solutions through strategic transactions.
  • A quarterly dividend of $0.18 per Class A Share was declared.

Headline financials

Total Revenue

$120M

Previous: $391M-69.3%
EPS

$0.04

Previous: $0.15-73.3%
Assets Under Management

$174B

Previous: $144B+20.7%
Capital Expenditures

-$6.14M

Previous: -$5.67M-8.3%
Free Cash Flow

$19M

Previous: $2.65M+616.4%
Net Income

$25.1M

Previous: $8.32M+201.7%
Operating Income

-$12.8M

Previous: -$127M+89.9%
Gross Profit

$120M

Previous: $193M-37.9%
Cash & Equivalents

$156M

Previous: $37.9M+310.8%
Total Assets

$8.99B

Previous: $8.76B+2.5%
Stock-Based Comp

$65.7M

Previous: $73.3M-10.3%

Revenue & EPS history

Blue Owl Capital · Revenue · Quarterly

$120M

Q1 2024-69.3%vs Q1 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

Blue Owl is focused on scaling existing businesses and broadening investment solutions, particularly in insurance asset management and real estate credit.

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

Historical avgQ1 2024

+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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