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Apollo Global Q4 earnings beat as inflows boost AUM
Feb. 04, 2025 8:55 AM ETApollo Global Management, Inc. (APO) StockBy: Max Gottlich, SA News Editor
Apollo Global Management (NYSE:APO) on Tuesday turned in Q4 earnings that topped Wall Street expectations as healthy inflows continued to boost the private equity firm's assets under management.
Q4 adjusted EPS of $2.22, beating the $1.89 average analyst estimate, climbed from $1.85 in the prior quarter and $1.91 a year earlier.
Fee-related earnings advanced to $554M in Q4 from $531M in Q3 and $457M in Q4 2023.
Total AUM of $751B, benefitting from inflows of $33B, rose from $651B in the previous quarter and $548M in the year-ago period.
The year-over-year increase in AUM, Apollo (NYSE:APO) said, reflected $81B of inflows from its Asset Management segment and $71B of gross inflows from Retirement Services, as well as mark-to-market appreciation, partially offset by $59B of outflows mainly driven by normal course activity at Athene and $23 billion of realization activity.
Dry powder of $61B at the end of the three-month period ended Dec. 31, 2024, compared with $64B at the end of Q3.
Origination volume also ticked down to $61B from $62B in Q3.