NYSE$OWL

Blue Owl Capital Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Blue Owl demonstrated resilient growth with management fee growth exceeding 25% and revenue growth surpassing 30% year over year.

Blue Owl Capital reported strong third-quarter results, marked by significant management fee and revenue growth. The company highlighted its robust organic trends and the recent agreement to acquire IPI's business, expanding its presence in the digital infrastructure ecosystem.

  • Blue Owl reported management fee growth of more than 25% year over year.
  • The company experienced revenue growth of more than 30% year over year.
  • Blue Owl achieved the second-highest quarter of fundraising in its history.
  • An agreement to acquire IPI's business was announced, enhancing Blue Owl's digital infrastructure presence.

Headline financials

Total Revenue

$141M

Previous: $430M-67.3%
EPS

$0.04

Previous: $0.16-75.0%
Assets Under Management

$235B

Previous: $157B+49.4%
Capital Expenditures

-$50.3M

Previous: -$34.4M-46.2%
Free Cash Flow

-$20.5M

Previous: -$19.3M-6.2%
Net Income

$29.8M

Previous: $15.1M+97.3%
Operating Income

-$49.3M

Previous: -$122M+59.6%
Gross Profit

$141M

Previous: $216M-34.8%
Cash & Equivalents

$116M

Previous: $76.7M+51.1%
Total Assets

$10.8B

Previous: $8.77B+22.6%
Stock-Based Comp

$77.6M

Previous: $75M+3.5%

Revenue & EPS history

Blue Owl Capital · Revenue · Quarterly

$141M

Q3 2024-67.3%vs Q3 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

No specific forward guidance was found in the provided document.

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 Q3 2024

Historical avgQ3 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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