earnings
confidence medium
sentiment positive
materiality 0.85
Apollo Q2 2024: record FRE, debt origination, deployment, fundraising (ex-flagship PE); GAAP net income $828M
Apollo Global Management, Inc.
2024-Q2 EPS reported
$3.64
revenue$13,058,000,000
- Record fee related earnings (FRE) in Q2; specific FRE figure not disclosed.
- Record quarterly debt origination, gross capital deployment, and third-party fundraising (ex-flagship PE).
- Athene's ADIP II fundraise completed as largest equity sidecar in industry; Retirement Services growth.
- GAAP net income attributable to common stockholders $828M ($1.36/sh) for Q2'24; YTD $2,231M ($3.67/sh).
- Cash dividend declared: $0.4625/common share payable Aug 30, 2024; record date Aug 16, 2024.