Core Insights - Apollo Global Management Inc. reported $955 million in revenue for Q4 2024, a year-over-year increase of 20.1% and an EPS of $2.22 compared to $1.91 a year ago, exceeding both revenue and EPS consensus estimates [1] Financial Performance - Revenue of $955 million represents a surprise of +1.50% over the Zacks Consensus Estimate of $940.9 million [1] - EPS of $2.22 shows a surprise of +17.46% compared to the consensus estimate of $1.89 [1] - Total Assets Under Management stood at $750 billion, slightly below the average estimate of $758.85 billion [4] Segment Income Analysis - Asset Management Fee Related Earnings from management fees were $742 million, exceeding the average estimate of $730.77 million [4] - Capital solutions fees and other net income were $160 million, above the average estimate of $150.58 million [4] - Fee-related performance fees were $53 million, below the average estimate of $58.59 million [4] - Retirement Services Fixed income and other net investment income was $2.91 billion, surpassing the average estimate of $2.88 billion [4] - Principal Investing Income was $139 million, significantly above the average estimate of $71.42 million [4] - Retirement Services Spread Related Earnings were $841 million, slightly below the average estimate of $845.93 million [4] - Realized performance fees in Principal Investing were $321 million, exceeding the average estimate of $285.40 million [4] - Alternative net investment income in Retirement Services was $269 million, above the average estimate of $262.93 million [4] Stock Performance - Apollo Global Management shares returned -1.2% over the past month, while the Zacks S&P 500 composite increased by +1% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]

Financial Performance - GAAP Net Income attributable to Apollo Global Management, Inc. Common Stockholders was $1.462 billion for Q4 2024, translating to $2.42 per share[2] - Adjusted Net Income (ANI) for Q4 2024 was $1.36 billion, or $2.22 per share[3] - Total revenues for Q4 2024 were $5.283 billion, a decrease from $7.773 billion in Q3 2024[4] - GAAP Net income attributable to Apollo Global Management, Inc. Common Stockholders for 4Q'23 was $2,732 million, reflecting a strong performance compared to previous quarters[59] - Adjusted Net Income for 4Q'23 was reported at $1,182 million, excluding notable items, showcasing consistent profitability[59] Assets Under Management (AUM) - Total Assets Under Management (AUM) reached $751 billion, with inflows of $33 billion in Q4 2024 and $152 billion for the full year[7] - Total assets under management (AUM) reached $751.037 billion by the end of Q4 2024, with net flows of $20.028 billion during the quarter[50] - Fee-generating AUM increased to $568.666 billion in Q4 2024, with net flows of $18.090 billion[52] - Performance Fee-Eligible AUM increased by 11% year-over-year to $223 billion, driven by strong growth in performance fee-eligible credit origination[42] Earnings and Income - Fee Related Earnings (FRE) for Q4 2024 were $554 million, marking a record annual FRE of $2.1 billion[7] - Spread Related Earnings (SRE) totaled $841 million in Q4 2024, contributing to an annual total of $3.2 billion[7] - Spread Related Earnings (SRE) per share, excluding notable items, increased by 13.2% year-over-year to $1.37 in Q4 2024[21] - Realized performance fees in Q4 2024 amounted to $321 million, reflecting a 19.3% increase compared to Q4 2023[37] - The principal investing income surged by 172.5% year-over-year to $139 million in Q4 2024[37] Capital Management - Apollo raised a record $12 billion in capital in 2024 through successful product distribution and expansion efforts[7] - The company repurchased over $1.2 billion of common stock in 2024, including $501 million in Q4[7] - The company returned a total of $1.6 billion of capital to stockholders over the last twelve months through dividends and share repurchases[48] - The average cost of shares repurchased in Q4 2024 was $105, with a total capital utilized of $475.2 million for share buybacks[54] Dividends - Dividends distributed exceeded $1 billion in 2024, with plans to increase the dividend from $1.85 to $2.04 per share starting Q1 2025[7] - An annual dividend of $2.04 per share is planned for 2025, representing a 10% increase from $1.85 per share in 2024[48] Investment Performance - Average net invested assets grew by 15.1% year-over-year to $244,796 million in Q4 2024[23] - Alternative net investment income increased by 41.6% year-over-year to $269 million in Q4 2024[21] - The company achieved a 48.9% increase in interest and other financing costs, totaling $137 million in Q4 2024[21] - The net investment spread for Retirement Services was 1.79% in Q4 2024, a decrease of 1 basis point compared to Q3 2024[23] Risks and Future Outlook - Apollo Global Management anticipates variability in revenues, earnings, and cash flow due to market conditions and competitive environments[75] - The company is subject to risks related to inflation and interest rate fluctuations, which could impact overall performance[75] - Future developments and performance expectations are based on management's beliefs and assumptions, highlighting the uncertainty in forecasting[75] - The company does not undertake any obligation to publicly update forward-looking statements except as required by law, indicating a cautious approach to future projections[75] Strategic Initiatives - Apollo's strategic platform, Athrora, focuses on acquiring or reinsuring blocks of insurance business in the European market, enhancing market expansion efforts[71] - The company is focused on managing its business within a highly regulated industry, which presents additional operational challenges[75]

Core Insights - Apollo Global Management reported strong financial results for the fourth quarter and full year ended December 31, 2024, highlighting record origination activity exceeding $220 billion, inflows of more than $150 billion, and assets under management surpassing $750 billion [2][8]. Financial Performance - The company achieved record origination activity of over $220 billion in 2024 [2]. - Inflows for the year exceeded $150 billion [2]. - As of December 31, 2024, Apollo's assets under management reached approximately $751 billion [8]. Dividends - Apollo declared a cash dividend of $0.4625 per share for its Common Stock for the fourth quarter, payable on February 28, 2025 [3]. - A cash dividend of $0.8438 per share for its Mandatory Convertible Preferred Stock was also declared, to be paid on April 30, 2025 [4]. Strategic Outlook - The company emphasized a clear growth strategy entering 2025, with a focus on execution and competitive positioning [2]. Conference Call - Apollo will host a public audio webcast on February 4, 2025, to review its financial results for the fourth quarter and full year ended December 31, 2024 [6].

Group 1 - Apollo will participate in a fireside chat at the Bank of America Securities Financial Services Conference on February 11, 2025, at 8:50 am ET [1] - A live webcast of the event will be available on Apollo's Investor Relations website, with a replay accessible shortly after the event [1] Group 2 - Apollo is a high-growth global alternative asset manager with approximately $733 billion of assets under management as of September 30, 2024 [2] - The company aims to provide clients with excess returns across the risk-reward spectrum, from investment grade credit to private equity [2] - Through its retirement services business, Athene, Apollo specializes in offering retirement savings products and solutions for financial security [2]

Core Insights - Apollo has launched Apollo Allocation Pro, a tool aimed at financial advisors to enhance portfolio construction strategies that include alternatives, particularly in private markets [1][2][4] Product Overview - Apollo Allocation Pro is designed to provide an intuitive experience for exploring portfolio strategies and is now available on Apollo's website [1] - The tool builds on Apollo Academy, which offers various educational programs for financial advisors, including a cornerstone course on alternative investing [3][4] Strategic Partnerships - The development of Apollo Allocation Pro was in partnership with iCapital, a fintech platform focused on alternative investments [6] Key Features - The tool allows for interactive portfolio design, enabling advisors to create and model allocations that integrate alternatives with traditional public market indices [8] - It provides advisor-focused insights with access to 17 different indices for diverse client objectives [8] - Apollo Allocation Pro complements the educational resources available through Apollo Academy [8] Company Background - Apollo is a global alternative asset manager with approximately $733 billion in assets under management as of September 30, 2024 [6]

Core Insights - IHS Markit is a global leader in critical information, analytics, and solutions for major industries and markets that drive economies worldwide [1] - The company serves over 50,000 key business and government customers, including 80% of the Fortune Global 500 and leading financial institutions [1] - IHS Markit is headquartered in London and is committed to sustainable, profitable growth [1] Company Overview - IHS Markit provides next-generation information, analytics, and solutions aimed at improving operational efficiency for its customers in business, finance, and government [1] - The company focuses on delivering deep insights that enable well-informed and confident decision-making [1]

NEW YORK, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) today announced that Martin Kelly, Chief Financial Officer, will participate in a fireside chat at the UBS Financial Services Conference on Monday, February 10, 2025 at 9:40 am ET. A live webcast of the event will be available on Apollo's Investor Relations website at ir.apollo.com. For those unable to join live, a replay will be available shortly after the event. About Apollo Apollo is a high-growth, global alternative asset manager. In our asse ...

Core Insights - Apollo has announced a $500 million investment in Subordinated Notes issued by Aldar Properties PJSC, marking one of the largest corporate hybrid private placements in the region [1][2] - This investment brings Apollo's total investment in Aldar to approximately $1.9 billion across four transactions since 2022, highlighting a strong partnership between the two entities [1][2] - Apollo's commitment to Abu Dhabi and the UAE is further emphasized by its previous investments, including a $1.4 billion strategic capital investment in August 2022 [2] Investment Strategy - Apollo's investment in Aldar is part of its High-Grade Capital Solutions strategy, which has originated nearly $100 billion in bespoke capital solutions for various leading companies since 2020 [3] - The firm aims to provide attractive investment opportunities for its clients while serving as a leading capital provider in the Abu Dhabi ecosystem [2] Company Overview - Apollo is a global alternative asset manager with approximately $733 billion in assets under management as of September 30, 2024 [4] - The company focuses on delivering excess returns across the risk-reward spectrum, from investment-grade credit to private equity, and offers innovative capital solutions for growth [4]

Core Viewpoint - Apollo Global Management, Inc. (APO) is expected to report a decline in quarterly earnings but an increase in revenues for Q4 2024, with earnings estimated at $1.90, down nearly 1% year-over-year, while sales are projected to rise by 19.5% to $950 million [1][3]. Group 1: Earnings and Revenue Estimates - The Zacks Consensus Estimate for APO's earnings is $1.90, indicating a decline of nearly 1% from the previous year [3]. - The consensus estimate for sales is pegged at $950 million, suggesting a year-over-year rise of 19.5% [3]. - In the last reported quarter, APO's earnings surpassed the Zacks Consensus Estimate, aided by strong performance across all segments, although rising expenses posed a challenge [2]. Group 2: Asset Management and Fees - The total assets under management (AUM) for Apollo are expected to be $755.4 billion, reflecting a sequential rise of 3.1% [5]. - The consensus estimate for management fees is $730.8 million, indicating a sequential rise of 2.9% [6]. - Fee-related performance fees are estimated at $58.15 million, showing a rise of 2% from the previous quarter [6]. Group 3: Partnerships and Strategic Moves - In November 2024, Apollo extended its multi-billion-dollar partnership with Mubadala Investment Company, which is likely to enhance its Capital Solutions business and improve fourth-quarter performance through increased global investment opportunities [4]. Group 4: Cost and Expense Considerations - The consensus estimate for net capital solutions fees and other segment earnings is $149.1 million, indicating a sequential decline of 6.2% [7]. - Ongoing investments in capital formation and credit investing teams, along with merger-related charges, are expected to keep expenses elevated in Q4 [7]. Group 5: Earnings Prediction Model - The model indicates low chances of APO beating earnings estimates this time, with an Earnings ESP of -0.55% and a Zacks Rank of 3 [8][9].

Group 1 - The webinar hosted by Ann Wylie aims to teach participants how to create effective press release headlines that attract attention and enhance media coverage [1][2] - Ann Wylie is a recognized communications expert with extensive experience, having worked with major organizations like Coca-Cola and Salesforce, and has received 60 awards for her contributions [2] - The session is scheduled for January 28, 2025, from 11am to 12pm ET, and includes a free workbook for attendees to improve their writing skills [2] Group 2 - The webinar emphasizes the importance of compelling headlines in a crowded media landscape, serving as the first opportunity to engage the audience [2] - Participants will learn techniques to highlight the value of their stories, select impactful words, and optimize headlines for SEO to maximize visibility [3] - Notified, the organization behind the webinar, has over 30 years of experience in press release distribution and offers tools for media monitoring and investor relations [4][5]