4/21, 1:06 PM (Source: TeleTrader)
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Blackstone's Q1 revenue decreases to $5.13B

Blackstone Inc. published on Thursday that its first-quarter revenue for fiscal 2022 declined to $5.13 billion compared with the same period last year.

GAAP net income came in at $2.5 billion, and net income attributable to Blackstone was $1.2 billion. Diluted net income per share decreased from $2.46 to $1.66 in the quarter. However, distributable earnings per share jumped 63% to $1.55.

"Our flagship strategies delivered significant outperformance for investors while our powerful platform expansion continued with $50 billion of inflows in the quarter. This translated once again to exceptional financial results for our shareholders," commented Stephen A. Schwarzman (pictured), Chairman and Chief Executive Officer.

Baha Breaking News (BBN) / JG