Apollo Global Management: Q1 Earnings Surge to $1.06 Billion | Deep-Dive

Apollo Global Management Inc. saw a significant uptick in its first-quarter earnings, thanks to robust fee income and a record $40 billion in private credit origination.

The firm announced an adjusted net income of $1.06 billion or $1.72 per share, missing the mark slightly against expectations.

The 26% increase in net income highlights Apollo’s ongoing profitability despite a downturn in alternative investment returns and a reduction in floating rate debt exposure