Carlyle Q1 Earnings Top Estimates, Revenues & AUM Increase Y/Y

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$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$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].