Core Viewpoint - Carlyle Group Inc. reported strong second-quarter 2025 results with post-tax distributable earnings per share of 91 cents, matching estimates and showing an increase from 78 cents in the prior year [1][10] Financial Performance - Net income attributable to Carlyle was $319.7 million, significantly up from $148.2 million in the year-ago quarter [2] - Total segmental revenues reached $984 million, a 24.7% increase year over year, surpassing the Zacks Consensus Estimate by 2.8% [3][10] - Total segment fee revenues increased by 15.1% year over year to $676.2 million, driven by higher transaction and portfolio advisory fees [3] - Realized performance revenues surged 66% from the previous year to $259.8 million [3] Expenses and AUM - Total segmental expenses rose 24.1% to $553 million [4] - As of June 30, 2025, total assets under management (AUM) were $465 billion, up 6.9% from the prior year, with fee-earning AUM increasing by 5.9% to $325 billion [5][10] Capital Distribution - In the reported quarter, Carlyle repurchased or withheld 2.3 million shares for $104 million, with $0.6 billion worth of shares remaining under authorization [6] - The company declared a quarterly dividend of 35 cents per share, payable on August 28, 2025 [6] Future Outlook - The rising total AUM and efforts to expand investment platforms are expected to support long-term revenue growth, although increasing expenses present a challenge [7]

Core Viewpoint - Carlyle Group Inc. reported strong first-quarter 2025 earnings, exceeding estimates and showing year-over-year growth in net income and segmental revenues, supported by an increase in assets under management and a decline in expenses [1][2][3]. Financial Performance - Post-tax distributable earnings per share for Q1 2025 were $1.14, surpassing the Zacks Consensus Estimate of 97 cents and up from $1.01 in the same quarter last year [1]. - Net income attributable to Carlyle was $130 million, a significant increase from $65.6 million in the prior-year quarter [2]. - Total segmental revenues reached $1.04 billion, reflecting a 1.9% increase year-over-year, although it fell short of the Zacks Consensus Estimate by 7.2% [3]. - Total segment fee revenues increased by 12.5% year-over-year to $642.9 million, driven by higher transaction and portfolio advisory fees [3]. - Realized performance revenues decreased by 10.7% from the previous year to $355.1 million [3]. - Total segmental expenses slightly decreased to $587.8 million [4]. Assets Under Management - As of March 31, 2025, total assets under management (AUM) were $453 billion, marking a 6.6% increase from the prior-year quarter [5]. - Fee-earning AUM was $314 billion, which rose by 3% year-over-year [5]. Capital Distribution Activities - In the reported quarter, Carlyle repurchased or withheld 3.3 million shares of common stock for $177 million, with $0.7 billion worth of shares remaining under authorization [6]. - The company declared a quarterly dividend of 35 cents per share, payable on May 27, 2025, to shareholders of record as of May 19, 2025 [6]. Industry Context - The competitive financial environment and volatile macroeconomic backdrop present challenges for Carlyle, despite the positive trends in AUM and revenue growth [7]. - Comparatively, other asset managers like Invesco and KKR also reported strong earnings, indicating a generally positive trend in the asset management industry [9][10].