Exhibit 99.1 PJT Partners Inc. Reports Record Third Quarter and Nine Months 2025 Results Third Quarter Overview Nine Months Overview Capital Management and Balance Sheet Paul J. Taubman, Chairman and Chief Executive Officer, said, "Our firm delivered very strong results, with Revenues, Pretax Income and EPS all reaching record highs for both the three and nine months periods as the significant investments we have made over an extended period of time continue to bear fruit. We see tremendous opportunity ahea ...

Core Viewpoint - PJT Partners Inc. reported its financial results for the third quarter and nine months ended September 30, 2025, highlighting revenue changes compared to the previous year [1]. Revenue Summary - For the three months ended September 30, 2025, the revenue figures were compared to those of 2024, indicating a percentage change [1]. - For the nine months ended September 30, 2025, the revenue figures were also compared to those of 2024, showing a percentage change [1].

NEW YORK--(BUSINESS WIRE)--PJT Partners Inc. ("PJT Partners†) (NYSE:PJT) announced that it expects to release its third quarter and nine months 2025 financial results on Tuesday morning, November 4, 2025. The earnings release will be available through the Investor Relations section of the PJT Partners website at https://www.pjtpartners.com/. PJT Partners will host a conference call on Tuesday, November 4, 2025, at 8:30 a.m. ET with access available via webcast and telephone. Paul J. Taubman, Ch. ...

Core Viewpoint - Anthology Inc. is preparing for a potential Chapter 11 bankruptcy, which may result in secured lenders, led by Nexus Capital Management, taking control of the company [1][2]. Group 1: Restructuring Plan - The restructuring plan involves an ad hoc group of lenders, primarily Nexus Capital Management, exchanging their debt for equity in a reorganized Anthology [2]. - Nexus Capital Management has become one of Anthology's largest lenders by accumulating its debt in recent months [2]. Group 2: Asset Divestiture and Business Progress - A significant aspect of the restructuring involves Anthology divesting certain assets, with ongoing discussions that may lead to changes in the plans [3]. - Anthology has reportedly made substantial progress in enhancing its business and product capabilities over the past two years, aiming to continue providing innovative solutions to its customers [3]. Group 3: Financial Challenges and Ratings - Anthology is dealing with over $1 billion in debt and has been considering a sale to address its financial situation [3]. - Moody's Ratings downgraded Anthology from Caa3 to Ca in April, citing a decline in new bookings and increased customer attrition, leading the company to implement cost-cutting measures [4].

Group 1 - PJT Partners reported a decent quarter in their placement business, with solid performance driven by advisory services, although there is peaking demand in secondary and continuation offerings [2] - The Value Lab offers a portfolio with real-time updates, 24/7 chat support, global market news reports, feedback on member stock ideas, new trades monthly, quarterly earnings write-ups, and daily macro opinions [2] - The Valkyrie Trading Society consists of analysts sharing high conviction and obscure developed market ideas that are downside limited and likely to generate non-correlated and outsized returns in the current economic environment [3]

Group 1 - The Value Lab focuses on long-only value investment ideas, aiming for a portfolio yield of about 4% and has performed well over the last 5 years by engaging in international markets [1][2] - PJT Partners reported a solid quarter driven by their advisory services, while the demand for secondary and continuation offerings is peaking [2] - The Valkyrie Trading Society consists of analysts sharing high conviction investment ideas that are expected to generate non-correlated and outsized returns in the current economic environment [3]

Core Insights - The article does not provide specific company or industry insights, focusing instead on disclosures and disclaimers related to investment positions and advice [1][2] Group 1 - There are no stock, option, or similar derivative positions held by the analyst in any mentioned companies [1] - The article expresses personal opinions and is not compensated beyond Seeking Alpha [1] - The views may not reflect those of Seeking Alpha as a whole, and the analysts may not be licensed or certified [2]

Group 1 - Investors in PJT Partners Inc. should monitor stock movements due to high implied volatility in the options market, particularly the Sep 19, 2025 $155 Put option [1] - Implied volatility indicates market expectations for significant price movement, suggesting potential upcoming events that could lead to a rally or sell-off [2] - PJT Partners holds a Zacks Rank 2 (Buy) in the Financial - Miscellaneous Services industry, which is in the top 25% of the Zacks Industry Rank [3] Group 2 - No analysts have increased earnings estimates for PJT Partners in the last 30 days, with one analyst revising the estimate downward, reducing the Zacks Consensus Estimate from $1.43 to $1.23 per share [3] - The high implied volatility may indicate a developing trade, as options traders often seek to sell premium on such options to capture decay, hoping the stock does not move as much as expected [4]

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements](index=4&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS) PJT Partners Inc.'s unaudited condensed consolidated financial statements for Q2 and H1 2025, detailing financial condition, operations, and cash flows [Condensed Consolidated Statements of Financial Condition](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Financial%20Condition) Total Assets decreased to **$1.51 billion** from **$1.64 billion** as of June 30, 2025, due to reduced Cash and Cash Equivalents Condensed Consolidated Statements of Financial Condition (Unaudited) | (In Thousands) | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Assets** | **$1,511,398** | **$1,635,334** | | Cash and Cash Equivalents | $214,615 | $483,877 | | Accounts Receivable, Net | $358,954 | $320,783 | | **Total Liabilities** | **$662,796** | **$733,691** | | Accrued Compensation and Benefits | $156,739 | $299,255 | | Operating Lease Liabilities | $414,659 | $354,520 | | **Total Equity** | **$848,602** | **$901,643** | [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 2025 Total Revenues increased **13%** to **$406.9 million**, with Net Income up **16%** and Diluted EPS at **$1.21** Q2 2025 vs Q2 2024 Performance (Three Months Ended June 30) | (In Thousands, Except EPS) | 2025 | 2024 | Change | | :--- | :--- | :--- | :--- | | Total Revenues | $406,884 | $360,181 | +13.0% | | Advisory Fees | $354,521 | $307,082 | +15.4% | | Total Expenses | $330,405 | $295,782 | +11.7% | | Net Income | $61,438 | $53,031 | +15.9% | | Diluted EPS | $1.21 | $1.06 | +14.2% | YTD 2025 vs YTD 2024 Performance (Six Months Ended June 30) | (In Thousands, Except EPS) | 2025 | 2024 | Change | | :--- | :--- | :--- | :--- | | Total Revenues | $731,415 | $689,574 | +6.1% | | Advisory Fees | $636,708 | $595,763 | +6.9% | | Total Expenses | $602,358 | $571,272 | +5.4% | | Net Income | $135,601 | $106,403 | +27.4% | | Diluted EPS | $3.21 | $2.29 | +40.2% | [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operations decreased to **$114.5 million** for H1 2025, with significant cash used for share repurchases Cash Flow Summary (Six Months Ended June 30) | (In Thousands) | 2025 | 2024 | | :--- | :--- | :--- | | Net Cash Provided by Operating Activities | $114,488 | $154,775 | | Net Cash Used in Investing Activities | ($52,822) | ($106,194) | | Net Cash Used in Financing Activities | ($339,300) | ($238,768) | | **Net Decrease in Cash and Cash Equivalents** | **($269,262)** | **($191,340)** | | **Cash and Cash Equivalents, End of Period** | **$214,615** | **$164,203** | [Notes to Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail revenue recognition, equity compensation, and commitments, including a credit facility and quarterly dividend - As of June 30, 2025, the company had **$36.2 million** in transaction price allocated to performance obligations yet to be satisfied, which is expected to be recognized as revenue within the next twelve months[42](index=42&type=chunk) - The company's remaining share repurchase authorization was **$87.2 million** as of June 30, 2025, under a **$500 million** program announced in February 2024[59](index=59&type=chunk) - As of June 30, 2025, there was **$372.1 million** of estimated unrecognized compensation expense related to unvested RSU awards, expected to be recognized over a weighted-average period of **1.7 years**[63](index=63&type=chunk) - The company entered into a **$100 million** syndicated revolving credit facility on July 29, 2024, with no borrowings outstanding as of June 30, 2025[77](index=77&type=chunk)[79](index=79&type=chunk) - A quarterly dividend of **$0.25 per share** of Class A common stock was declared, payable on September 17, 2025[94](index=94&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=24&type=section&id=ITEM%202.%20MANAGEMENT%27S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Management discusses financial results, business environment, and liquidity, emphasizing revenue growth and capital returns [Business Environment](index=24&type=section&id=Business%20Environment) The business environment shows mixed trends with increased M&A volumes but fewer transactions, and elevated restructuring - Worldwide M&A announced volumes increased **33%** in Q2 2025 compared to the prior year, but the number of transactions declined[100](index=100&type=chunk) - Global restructuring and special situations trends remained elevated during Q2 2025, driven by liability management, balance sheet restructuring, and bankruptcy activity[101](index=101&type=chunk) - Fund placement activity remains challenging due to the macroeconomic environment, with limited partners being more discerning and focusing on existing relationships[102](index=102&type=chunk) [Condensed Consolidated Results of Operations](index=27&type=section&id=Condensed%20Consolidated%20Results%20of%20Operations) Q2 2025 total revenues rose **13%** to **$406.9 million**, driven by Advisory Fees, increasing pre-tax income Revenue Performance (Three Months Ended June 30) | (In Thousands) | 2025 | 2024 | Change | | :--- | :--- | :--- | :--- | | Advisory Fees | $354,521 | $307,082 | +15% | | Placement Fees | $43,219 | $46,873 | -8% | | **Total Revenues** | **$406,884** | **$360,181** | **+13%** | Expense Performance (Three Months Ended June 30) | (In Thousands) | 2025 | 2024 | Change | | :--- | :--- | :--- | :--- | | Compensation and Benefits | $276,834 | $250,326 | +11% | | Non-Compensation Expenses | $53,571 | $45,456 | +18% | | **Total Expenses** | **$330,405** | **$295,782** | **+12%** | - The increase in Advisory Fees for both the three and six-month periods was principally due to an increase in strategic advisory revenues[120](index=120&type=chunk)[122](index=122&type=chunk) [Liquidity and Capital Resources](index=30&type=section&id=Liquidity%20and%20Capital%20Resources) As of June 30, 2025, the company held **$318.4 million** in cash, with significant cash used for share repurchases - As of June 30, 2025, the company had cash, cash equivalents, and short-term investments of **$318.4 million**[131](index=131&type=chunk) - The company has a **$100 million** syndicated revolving credit facility, with no borrowings outstanding as of June 30, 2025[130](index=130&type=chunk) - During the six months ended June 30, 2025, the company repurchased **1.3 million shares** for **$190.5 million**[141](index=141&type=chunk) - For the six months ended June 30, 2025, **$81.3 million** in cash was used to exchange **0.5 million** Partnership Units[139](index=139&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=33&type=section&id=ITEM%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) The company reports no material changes to its market risk exposures since December 31, 2024 - There have been no material changes in the company's market risk exposures since December 31, 2024[151](index=151&type=chunk) [Item 4. Controls and Procedures](index=33&type=section&id=ITEM%204.%20CONTROLS%20AND%20PROCEDURES) Management concluded disclosure controls were effective, with no material changes to internal control over financial reporting - The Chief Executive Officer and Chief Financial Officer concluded that the Company's disclosure controls and procedures were effective as of the end of the period covered by the report[152](index=152&type=chunk) - No material changes occurred in the company's internal control over financial reporting during the most recent quarter[153](index=153&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=34&type=section&id=ITEM%201.%20LEGAL%20PROCEEDINGS) The company is subject to ordinary course legal and regulatory proceedings, none expected to have a material financial effect - The company is not currently party to any material pending legal proceedings that would have a material effect on its financial condition[155](index=155&type=chunk) [Item 1A. Risk Factors](index=34&type=section&id=ITEM%201A.%20RISK%20FACTORS) No material changes were reported to the risk factors previously disclosed in the Annual Report on Form 10-K for 2024 - No material changes were reported to the risk factors disclosed in the Annual Report on Form 10-K for the year ended December 31, 2024[157](index=157&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=34&type=section&id=ITEM%202.%20UNREGISTERED%20SALES%20OF%20EQUITY%20SECURITIES%20AND%20USE%20OF%20PROCEEDS) The company details Q2 2025 share repurchases and remaining authorization under its equity repurchase program Issuer Purchases of Equity Securities in Q2 2025 | Period | Total Shares Repurchased | Average Price Paid Per Share | | :--- | :--- | :--- | | April 1 to April 30 | 353,224 | $130.74 | | May 1 to May 31 | 77,594 | $145.95 | | June 1 to June 30 | 38,300 | $152.52 | | **Total** | **469,118** | **$135.04** | - As of June 30, 2025, the company had **$87.2 million** remaining under its **$500 million** share repurchase authorization[159](index=159&type=chunk) [Item 5. Other Information](index=35&type=section&id=ITEM%205.%20OTHER%20INFORMATION) No directors or officers adopted, terminated, or modified Rule 10b5-1 trading arrangements during Q2 2025 - No directors or officers adopted, terminated, or modified a Rule 10b5-1 trading arrangement during the three months ended June 30, 2025[163](index=163&type=chunk)

Core Viewpoint - PJT Partners has received an upgrade to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][2] Earnings Estimates and Stock Price Movement - The Zacks rating system is effective for individual investors as it focuses on earnings estimate revisions, which are strongly correlated with near-term stock price movements [2][3] - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to price movements based on their buying or selling activities [3] Business Improvement Indicators - The increase in earnings estimates and the Zacks rating upgrade for PJT Partners indicate an improvement in the company's underlying business, suggesting that investors may respond positively by driving the stock price higher [4] Importance of Earnings Estimate Revisions - Tracking earnings estimate revisions can be beneficial for investment decisions, and the Zacks Rank system effectively leverages this information [5] - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance of Zacks Rank 1 stocks averaging a +25% annual return since 1988 [6] Specifics on PJT Partners - PJT Partners is projected to earn $6.25 per share for the fiscal year ending December 2025, with no year-over-year change expected [7] - Over the past three months, the Zacks Consensus Estimate for PJT Partners has increased by 2.5%, indicating positive sentiment among analysts [7] Zacks Rating System Overview - The Zacks rating system maintains a balanced distribution of "buy" and "sell" ratings across its universe of over 4,000 stocks, with only the top 20% receiving favorable ratings [8][9] - The upgrade of PJT Partners to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [9]