DigitalBridge (DBRG) Reports Q3 Earnings: What Key Metrics Have to Say

Financial Performance - DigitalBridge reported $76.13 million in revenue for the quarter ended September 2024, reflecting a year-over-year decline of 84% [1] - The EPS for the same period was $0.06, down from $0.20 a year ago, indicating a significant decrease [1] - The reported revenue was a surprise of -23.64% compared to the Zacks Consensus Estimate of $99.69 million [1] - The EPS surprise was -60.00% against the consensus estimate of $0.15 [1] Key Metrics - Fee Earning Equity Under Management (FEEUM) stood at $34.09 billion, slightly above the average estimate of $33.78 billion from two analysts [3] - Fee revenue was reported at $76.58 million, compared to the average estimate of $85.99 million from three analysts, representing a year-over-year change of +17.4% [3] - Principal investment income (loss) was $9.96 million, slightly above the average estimate of $9.87 million, but showed a year-over-year decline of -44.5% [3] - Other income was reported at $5.39 million, exceeding the average estimate of $5.17 million, with a year-over-year change of -50.8% [3] Stock Performance - DigitalBridge shares have returned +7.3% over the past month, contrasting with the Zacks S&P 500 composite's -1% change [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]