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]

IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 80 percent of the Fortune Glo ...

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 ...

NEW YORK, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) today announced an agreement for Apollo-managed affiliates, funds and clients to invest USD $500 million in Subordinated Notes issued by Aldar Properties PJSC ("Aldar"). The transaction represents one of the region's largest-ever corporate hybrid private placements and brings aggregate investment in Aldar led by Apollo to approximately USD $1.9 billion across four transactions since 2022. Apollo Partner Jamshid Ehsani said, "We are pleased to bro ...

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]

Core Insights - The article highlights the significant relief efforts by various organizations in response to the devastating wildfires affecting the Los Angeles metropolitan area, emphasizing the mobilization of resources and support for impacted communities [1][2]. Group 1: Company Contributions - Verizon has pledged $1 million in donations, divided between the American Red Cross and the Los Angeles Fire Department Foundation, to support emergency relief efforts and provide essential equipment for firefighters [6]. - Airbnb.org is offering free, temporary housing for displaced individuals and relief workers, having previously provided 1.4 million nights of emergency housing to over 250,000 people globally [6]. - Bridger Aerospace has deployed its CL-415EAF "Super Scooper" aircraft to California, marking the earliest seasonal deployment in the company's history to assist with firefighting efforts [6]. Group 2: Community Support Initiatives - Multiple restaurant chains are supporting first responders, with Denny's providing free Original Grand Slam breakfasts and coffee at 164 locations, while Round Table Pizza is offering free personal cheese pizzas across their Los Angeles area restaurants [6]. - Commerce Casino and Hotel is providing emergency accommodations for displaced employees and their families, collaborating with local emergency services [6]. - Avocado Green Mattress is offering employee-level discounts and accepting donation requests to assist affected individuals and families in rebuilding, with expedited delivery for fire-affected customers [6].