Apollo Management(APO)

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Apollo Management(APO) - 2024 Q3 - Quarterly Report
2024-11-06 22:02
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-41197 APOLLO GLOBAL MANAGEMENT, INC. (Exact name of registrant as specified in its charter) Delaware 86-3 ...
Apollo's Strong Q3 Results Propel Price Forecast Upgrade — Analyst Highlights Asset Growth And Future Potential
Benzinga· 2024-11-06 18:39
Apollo Global Management, Inc. APO shares are trading higher on Wednesday.On Tuesday, Apollo reported third-quarter adjusted earnings per share of $1.85, surpassing analyst estimates of $1.72 and revenue of $7.77 billion, beating the street view of $4.13 billion.Apollo said it now manages a total of $733 billion in assets, with $551 billion generating fees. Over the past year, Apollo saw $151 billion in new inflows and deployed $248 billion in capital. Apollo’s Fee Related Earnings (FRE) were $531 million, ...
Apollo Management(APO) - 2024 Q3 - Earnings Call Transcript
2024-11-05 17:04
Apollo Global Management, Inc. (NYSE:APO) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET Company Participants Noah Gunn - Global Head, Investor Relations Marc Rowan - Chief Executive Officer Martin Kelly - Chief Financial Officer Jim Zelter - Co-President Conference Call Participants Alexander Blostein - Goldman Sachs Craig Siegenthaler - Bank of America Bill Katz - TD Cowen Steven Chubak - Wolfe Research Mike Brown - Wells Fargo Patrick Davitt - Autonomous Research Brennan Hawken - UBS Brian ...
Compared to Estimates, Apollo Global Management (APO) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-11-05 15:36
Core Insights - Apollo Global Management Inc. reported $926 million in revenue for Q3 2024, an 11% year-over-year increase, with an EPS of $1.81 compared to $1.71 a year ago, exceeding both revenue and EPS consensus estimates [1][3] Financial Performance - Total Assets Under Management reached $733 billion, surpassing the average estimate of $724.23 billion [3] - Segment Income from Asset Management showed mixed results: - Fee Related Earnings from Management fees were $518 million, below the estimate of $696.41 million - Capital solutions fees and other net income were $159 million, slightly above the estimate of $153.31 million - Fee-related performance fees were $57 million, exceeding the estimate of $52.75 million - Overall Fee Related Earnings were $531 million, above the estimate of $515.15 million [3] - Retirement Services Segment Income showed strong performance: - Fixed income and other net investment income was $2.81 billion, above the estimate of $2.72 billion - Spread Related Earnings totaled $856 million, exceeding the estimate of $762.05 million [3] - Principal Investing Segment Income included: - Principal Investing Income of $78 million, above the estimate of $72.56 million - Realized performance fees were $331 million, significantly exceeding the estimate of $246.40 million [3] Stock Performance - Apollo Global Management shares returned +3.9% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.5% change [4]
Apollo Reports Third Quarter 2024 Results
GlobeNewswire News Room· 2024-11-05 11:35
NEW YORK, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today reported results for the third quarter ended September 30, 2024. Marc Rowan, Chief Executive Officer at Apollo said, “Our strong third quarter results reflect broad-based momentum across the platform. We are building a next-generation financial services business uniquely positioned to win across massive market opportunities, and we are excited to execute on the ...
Apollo Management(APO) - 2024 Q3 - Quarterly Results
2024-11-05 11:30
Apollo Global Management, Inc. Third Quarter 2024 Earnings Third Quarter 2024 Financial Highlights · GAAP Net Income Attributable to Apollo Global Management, Inc. Common Stockholders was $787 million for the quarter ended S $1.30 per share Apollo's primary non-GAAP earnings metric, Adjusted Net Income, which represents the sum of FRE, SRE, and PII, less HoldCo . costs and taxes, totaled $1.1 billion, or $1.85 per share, for the third quarter | --- | --- | --- | --- | |-------------------------------------- ...
TeleVox Earns Frost & Sullivan Customer Value Leadership Award
GlobeNewswire News Room· 2024-10-28 14:00
OMAHA, Neb., Oct. 28, 2024 (GLOBE NEWSWIRE) -- TeleVox, the industry-leading provider of omnichannel patient relationship management platforms, has been awarded this year's Best Practices Customer Value Leadership Award in the North American patient relationship management industry by Frost & Sullivan. Frost & Sullivan Best Practices awards recognize companies across regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological inno ...
Top 7 Tax-Loss Stocks To Sell By October 31, 2024
Seeking Alpha· 2024-10-21 12:25
Chris Lau is an individual investor and economist with 30 years of experience covering life science, technology, and dividend-growth income stocks. He has degrees in Microbiology and Economics. Chris runs the investing group DIY Value Investing where he shares his top stock picks of undervalued stocks with catalysts for upside, dividend-income recommendations with quant and payment calendar tracking, high upside plays, and research requests to help you become a better do-it-yourself investor. Learn more.Top ...
CX360, Inc. Supports FCC Ruling to Require Georouting for Wireless Calls to the 988 Suicide & Crisis Lifeline
GlobeNewswire News Room· 2024-10-17 19:20
Core Viewpoint - The Federal Communications Commission (FCC) has adopted a new regulation for georouting wireless calls to the 988 Suicide & Crisis Lifeline, which will enhance localized care for individuals in crisis and maintain a centralized routing system for the Lifeline [1][2] Company Overview - Mosaicx is a conversational AI pioneer that provides intelligent routing technology to support georouting and call routing for help seekers, ensuring specialized crisis care for diverse communities, including veterans, Spanish speakers, and LGBTQI+ members [1] - The company utilizes cloud-based solutions, conversational AI, machine learning, and natural language processing to automate interactions, enhancing customer and employee satisfaction through advanced voice recognition and digital messaging capabilities [3] Industry Impact - The FCC's decision reflects a commitment to improving the accessibility and efficiency of mental health crisis resources, which Mosaicx supports through its partnership with Vibrant Emotional Health, the administrator of the 988 Lifeline [2]
Big Money Jumping into Apollo Shares
FX Empire· 2024-10-11 20:54
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