Table of Contents UNITED STATES DigitalBridge Group, Inc. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-37980 (Exact Name of Registrant as Specified in Its Charter) Maryland 46-4591526 (State or Other Jurisdiction of Incorporation o ...

1 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the Company's control, and may cause the Company's actual results to differ significantly from those expressed in any forward-looking statement. Factors that might cause such a difference include, without limitation, difficult market and political conditions, including those resulting from supply chain difficulties, inf ...

DigitalBridge Group, Inc. (NYSE:DBRG) Q1 2024 Earnings Call Transcript April 30, 2024 5:00 PM ET Company Participants Severin White - IR Marc Ganzi - CEO Tom Mayrhofer - CFO Conference Call Participants Michael Elias - Cowen & Company Jade Rahmani - KBW Ric Prentiss - Raymond James Richard Choe - JPMorgan Eric Luebchow - Wells Fargo Jon Atkin - RBC Capital Markets Operator Good day and welcome to DigitalBridge Group, Inc.'s First Quarter 2024 Earnings Call. At this time, all participants are in listen-only ...

DigitalBridge (DBRG) reported $74.39 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 70.3%. EPS of $0.01 for the same period compares to -$0.02 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $100.76 million, representing a surprise of -26.17%. The company delivered an EPS surprise of -90.00%, with the consensus EPS estimate being $0.10.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

DigitalBridge (DBRG) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -90%. A quarter ago, it was expected that this provider of asset management services to NorthStar Realty Finance Corp. Would post earnings of $0.12 per share when it actually produced earnings of $0.10, delivering a surp ...

EARNINGS PRESENTATION DIGITALBRIDGE 1Q 2024 April 30, 2024 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING ؟ This gresentation may contain forward-looking statements within the meaning of the federal securities laws, induding statements relating to (I) our strateen, outlok-and org financial targets and (iii) general economic trends and trends in our industry and markets. Forward-looking statements relate to expectations, beliefs, projections, future rtends and similar expressions concerning matters that are ...

DigitalBridge (DBRG) shares rallied 6.4% in the last trading session to close at $19.38. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 0.3% loss over the past four weeks.The increased investor optimism in the stock can be attributed to the favorable operating environment.This provider of asset management services to NorthStar Realty Finance Corp. Is expected to post quarterly earnings of $0.12 per share in ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 DigitalBridge Group, Inc. (Exact Name of Registrant as Specified in Its Charter) Maryland 46-4591526 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 750 Park of Commerce Drive, Suite 210 Boca Raton, Florida 33487 (Address of Prin ...

Financial Data and Key Metrics Changes - The company reported a consolidated revenue of $350 million, representing a 29% increase from the same period last year [68] - Total adjusted EBITDA was $32 million, up 88% year-over-year, primarily driven by higher fee revenues from new products and co-investments [68] - Distributable earnings were $18 million, or $0.10 per share, with fee revenues increasing by 59% year-over-year to $72 million [21][61] Business Line Data and Key Metrics Changes - The investment management segment saw fee-related earnings increase by 64% year-over-year, benefiting from new capital formation and the InfraBridge acquisition [15][61] - Monthly Recurring Revenue (MRR) increased across all four verticals, with data centers up nearly 25%, towers up 7%, fiber up 6%, and small cells up 3% [17] - Fee earning equity under management (FEEUM) grew to $33 billion, a 47% increase year-over-year, while assets under management (AUM) reached $80 billion, representing a 52% growth [21][8] Market Data and Key Metrics Changes - The company raised close to $8 billion in new FEEUM since January of the previous year, with $2.3 billion raised in the last quarter alone [4] - The fundraising environment remains challenging, yet investor interest is high, with over 200 investors engaged in the current flagship strategy [42][44] Company Strategy and Development Direction - The company is focused on scaling its digital infrastructure platform, with a target of over $7 billion in fresh capital across its multi-strategy platform for 2024 [30] - A significant portion of the $15 billion budgeted for capital expenditures in 2024 is allocated to data centers, indicating a strong commitment to this sector [34] - The company aims to enhance its corporate operating leverage and improve margins, with a focus on high-return investments [35][39] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the fundraising trajectory and the strong demand for digital infrastructure driven by AI [42][44] - The company is preparing for future energy needs by securing power sources and focusing on renewable energy solutions for its data centers [45][46] - Management highlighted the importance of returning capital to investors as a key driver for future fundraising success [54] Other Important Information - The company successfully de-leveraged its balance sheet, reducing consolidated debt from $5.5 billion to under $400 million [69] - The transition from a diversified REIT to an alternative asset manager has simplified the corporate structure and improved financial reporting [68] Q&A Session Summary Question: How has the fundraising environment evolved? - Management noted that while the fundraising environment is tough, investor interest remains strong, with a deep pipeline of engagements [42][44] Question: What are the challenges regarding power availability for data centers? - Management acknowledged the grid's insufficiency for data center growth but emphasized proactive measures taken to secure power sources and develop renewable energy solutions [45][46] Question: Is there increased competition in the verticals targeted by DigitalBridge? - Management indicated that competition exists but expressed confidence in their ability to compete effectively at both the capital and portfolio company levels [50]

Financial Performance Highlights - DigitalBridge reported Q4 2023 total revenues of $350 million[7], a 29% increase year-over-year from $271 million[50] - GAAP net income attributable to common stockholders was $101 million, or $061 per share[7] - Fee revenue for Q4 2023 was $74 million, a 67% increase compared to $443 million in Q4 2022[50] - Investment Management (IM) segment fee revenue, excluding incentive fees, increased by 59% to $722 million in Q4 2023 from $453 million in Q4 2022[45, 52] - Fee Related Earnings (IM FRE) in the investment management segment were $398 million, up 64% year-over-year[45, 101] Assets and Capital Management - Fee-Earning Equity Under Management (FEEUM) increased 47% year-over-year to $328 billion as of December 31, 2023[26, 32, 101] - Assets Under Management (AUM) reached $801 billion, a 52% increase year-over-year[46, 101] - DigitalBridge raised $77 billion in new capital since January 2023[25, 34, 101] Strategic Initiatives - DigitalBridge completed the deconsolidation of its Operating segment, resulting in significant balance sheet deleveraging of over $5 billion[25, 65] - The company is transitioning to align its guidance practices with alternative asset manager peers, focusing on growth and profitability over a 3-5 year cycle[90] Future Outlook - DigitalBridge anticipates forming $7 billion in new fee-bearing capital in 2024[97, 138] - The company projects 2024 fee revenue between $335 million and $360 million, representing a 32% midpoint increase[116] - DigitalBridge estimates Fee Related Earnings (FRE)/Adjusted EBITDA for 2024 to be in the range of $150 million to $165 million, a 51% midpoint increase[116]