Blue Owl Capital (NYSE:OWL) Q4 2025 Earnings call February 05, 2026 10:00 AM ET Speaker11Good morning, and welcome to Blue Owl Capital's fourth quarter and full year 2025 earnings call. During the presentation, your lines will remain on listen only. After the presentation, there will be a question and answer session. To ask a question, please press star one on your telephone keypad. I'd like to advise all participants that this conference call is being recorded. I will now turn the call over to Ann Dai, Hea ...

Core Insights - Blue Owl Capital Inc. reported $701.47 million in revenue for the quarter ended December 2025, marking a year-over-year increase of 17.8% and an EPS of $0.24 compared to $0.21 a year ago [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $704.46 million, resulting in a surprise of -0.43%, while the EPS exceeded expectations by 6.9% [1] Financial Performance - The company’s shares have returned -22.6% over the past month, contrasting with the Zacks S&P 500 composite's +0.5% change, indicating potential underperformance in the near term with a Zacks Rank 4 (Sell) [3] - Total Assets Under Management (AUM) reached $307.43 billion, slightly below the four-analyst average estimate of $307.89 billion [4] - AUM breakdown includes: - GP Strategic Capital: $69.07 billion vs. $69.55 billion estimated [4] - Credit: $157.76 billion vs. $159.18 billion estimated [4] - Real Assets: $80.6 billion vs. $78.44 billion estimated [4] Revenue Streams - FRE Revenues from the Credit Platform were $422.05 million, below the $438.55 million average estimate [4] - FRE Revenues from the GP Strategic Capital Platform were $163.16 million, compared to the $167.82 million average estimate [4] - FRE Revenues from the Real Assets Platform were $116.27 million, exceeding the two-analyst average estimate of $96.79 million [4]

February 5, 2026 Blue Owl Capital Inc. Fourth Quarter 2025 Earnings Together with approximately 1,365 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com. Forward-Looking Statements Certain statements made in this presentation are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this presentation, the word ...

Core Viewpoint - Blue Owl Capital Inc. reported quarterly earnings of $0.24 per share, exceeding the Zacks Consensus Estimate of $0.23 per share, and showing an increase from $0.21 per share a year ago, representing an earnings surprise of +6.90% [1] Financial Performance - The company posted revenues of $701.47 million for the quarter ended December 2025, which missed the Zacks Consensus Estimate by 0.43%, compared to year-ago revenues of $595.68 million [2] - Over the last four quarters, Blue Owl Capital has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [2] Stock Performance - Blue Owl Capital shares have declined approximately 19.3% since the beginning of the year, while the S&P 500 has gained 0.5% [3] - The stock is currently rated Zacks Rank 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.20 on revenues of $733.74 million, and for the current fiscal year, it is $0.97 on revenues of $3.15 billion [7] - The trend of estimate revisions for Blue Owl Capital was unfavorable prior to the earnings release, which may impact future stock movements [6] Industry Context - The Financial - Investment Management industry, to which Blue Owl Capital belongs, is currently ranked in the bottom 39% of over 250 Zacks industries, suggesting potential challenges ahead [8]

February 5, 2026 A BLUE OWL Blue Owl Capital Inc. Fourth Quarter 2025 Earnings Disclosures About Blue Owl Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With over $307 billion in assels under management as of December 31, 2025, we invest across three multi-strategy platforms: Credit, Real Assets and GP Strategic Capital. An strong permanent capilal base, we provide businesses with private capital solutions to drive long-lerm growth and offer institutional investors, indivi ...

NEW YORK, Feb. 5, 2026 /PRNewswire/ -- Blue Owl Capital Inc. (NYSE:OWL) ("Blue Owl") today reported its financial results for the fourth quarter ended December 31, 2025. "Blue Owl's results for the full year of 2025 highlight record fundraising in our institutional and private wealth channels, reflecting robust investor interest in our strategies and Blue Owl's continued global expansion. New capital commitments reached $17 billion in the fourth quarter and $56 billion in 2025," said Doug Ostrover and Marc ...

Core Viewpoint - A group of banks led by Deutsche Bank AG is facing challenges in selling approximately $1.2 billion of loans related to the acquisition of a software provider, reflecting investor concerns about potential disruptions from artificial intelligence [1] Group 1: Loan Details and Acquisition - Deutsche Bank plans to fund Conga Corp.'s acquisition of PROS Holdings' B2B unit with a $625 million term loan, while a $540 million loan maturing in 2028 will remain outstanding [2] - The debt offering for Conga included a $1.17 billion loan with an interest rate of 4 percentage points above the benchmark rate and a discount between 97.5 cents to 98 cents on the dollar [5] Group 2: Market Sentiment and AI Disruption - There is a lack of interest in the debt due to increasing anxiety over exposure to sectors affected by AI, particularly among software-as-a-service (SaaS) companies like Conga, which provide document automation software [3] - The risk of AI disruption is impacting credit markets globally, leading to declines in shares of business development companies that are heavily invested in software [7] Group 3: Implications of Hung Debt - If banks cannot sell the committed debt before the acquisition closes, they will retain these borrowings on their balance sheets, which could limit their capacity to underwrite future loans [6]

Core Insights - PayPal announced a CEO change, appointing Enrique Lores as the new president and CEO effective March 1, replacing Alex Chriss to accelerate execution in a competitive payments market [2][5] - The board appointed David W. Dorman as the independent board chair, indicating a need for improved pace of change and execution within the company [3] Leadership Transition - Enrique Lores has been on PayPal's board for nearly five years and previously served as president and CEO of HP, where he focused on diversifying services and enhancing operational efficiency [2][4] - Jamie Miller, the Chief Financial and Operating Officer, will act as interim CEO until Lores takes over [2] Strategic Initiatives - PayPal is focusing on new growth engines, including the launch of a Transaction Graph Insights & Measurement program to help brands measure campaign effectiveness using verified purchase data [5] - The company plans to acquire Cymbio to enhance agentic commerce tools, making merchant catalogs more discoverable on AI platforms [6] - PayPal expanded its partnership with Deutsche Bank to improve merchant settlement and related services across regions [6] - In September, PayPal sold approximately $7 billion in buy now, pay later loans to Blue Owl Capital to maintain a light balance sheet [6]

On this news, Blue Owl's stock price fell $0.85, or 5.8%, to close at $13.77 per share on November 17, 2025, thereby injuring investors. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do noth ...

Core Viewpoint - The Blue Owl Capital Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims of undisclosed liquidity issues and significant pressure on its asset base from BDC redemptions during the specified class period [1][3]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Goldman v. Blue Owl Capital Inc., and it allows purchasers of Blue Owl securities between February 6, 2025, and November 16, 2025, to seek appointment as lead plaintiff by February 2, 2026 [1]. - Allegations include that Blue Owl did not disclose meaningful pressure on its asset base from BDC redemptions, leading to undisclosed liquidity issues and potential limitations on redemptions of certain BDCs [3]. Group 2: Financial Performance and Market Reaction - On October 30, 2025, Blue Owl reported third-quarter financial results with fee-related earnings of $376.2 million, missing consensus estimates, and performance revenue falling 33% year over year to $188,000, which led to a decline in stock price [4]. - Following the announcement of a merger agreement on November 5, 2025, between Blue Owl's direct lending businesses, the stock price fell nearly 5% due to concerns over liquidity and redemption limitations [5]. - An article published on November 16, 2025, indicated that OBDC II shareholders could face a 20% reduction in investment value due to the merger, resulting in a nearly 6% drop in Blue Owl's stock price [6].