NYSE$OWL

Blue Owl Capital Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Blue Owl Capital reached $150 billion in assets under management and reported nine straight quarters of management fee growth.

Blue Owl Capital reported its Q2 2023 financial results, achieving a significant milestone of $150 billion in assets under management. The company has experienced nine consecutive quarters of management fee growth, demonstrating resilience amidst turbulent markets and fluctuating economic conditions.

  • Blue Owl reached $150 billion of assets under management.
  • The company achieved nine straight quarters of management fee growth.
  • Blue Owl more than doubled its management fees over this period.
  • The company's business is well-positioned to thrive due to its focus on permanent capital and predictable, recurring revenues.

Headline financials

Total Revenue

$417M

Previous: $327M+27.4%
EPS (adj)

$0.16

Previous: $0.13+23.1%
Assets Under Management

$150B

No prior period
Capital Expenditures

-$15.9M

Previous: -$27.8M+43.1%
Free Cash Flow

-$2.99M

Previous: -$29M+89.7%
Net Income

$12.9M

Previous: -$1.13M+1242.0%
Operating Income

-$167M

Previous: -$119M-40.3%
Gross Profit

$209M

No prior period
Cash & Equivalents

$41.3M

Previous: $48.7M-15.2%
Total Assets

$8.75B

Previous: $8.42B+4.0%
Stock-Based Comp

$70.8M

No prior period

Revenue & EPS history

Blue Owl Capital · Revenue · Quarterly

$417M

Q2 2023+27.4%vs Q2 2022
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

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 Q2 2023

Historical avgQ2 2023

+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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