Compared to Estimates, Apollo Global Management (APO) Q3 Earnings: A Look at Key Metrics

Core Insights - Apollo Global Management Inc. reported $926 million in revenue for Q3 2024, an 11% year-over-year increase, with an EPS of $1.81 compared to $1.71 a year ago, exceeding both revenue and EPS consensus estimates [1][3] Financial Performance - Total Assets Under Management reached $733 billion, surpassing the average estimate of $724.23 billion [3] - Segment Income from Asset Management showed mixed results: - Fee Related Earnings from Management fees were $518 million, below the estimate of $696.41 million - Capital solutions fees and other net income were $159 million, slightly above the estimate of $153.31 million - Fee-related performance fees were $57 million, exceeding the estimate of $52.75 million - Overall Fee Related Earnings were $531 million, above the estimate of $515.15 million [3] - Retirement Services Segment Income showed strong performance: - Fixed income and other net investment income was $2.81 billion, above the estimate of $2.72 billion - Spread Related Earnings totaled $856 million, exceeding the estimate of $762.05 million [3] - Principal Investing Segment Income included: - Principal Investing Income of $78 million, above the estimate of $72.56 million - Realized performance fees were $331 million, significantly exceeding the estimate of $246.40 million [3] Stock Performance - Apollo Global Management shares returned +3.9% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.5% change [4]