earnings
confidence high
sentiment negative
materiality 0.75
DigitalBridge Q2 revenue $289M, GAAP net loss $37M; approves 1-for-4 reverse split
DigitalBridge Group, Inc.
2022-Q2 EPS reported
-$0.51
revenue$546,868,000
- GAAP net loss attributable to common stockholders of $37M ($0.06 per share); Distributable Earnings $7.6M.
- Board approved 1-for-4 reverse stock split effective Aug 22, reducing shares from 656M to ~164M.
- Preferred dividends declared: Series H $0.4453125, Series I $0.446875, Series J $0.4453125 per share.
- CEO outlines strategic roadmap targeting 2x assets under management over next 3 years.
- First commitments to new credit and core strategies; positive capital formation momentum.