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Blackstone on Sale: How the Biggest PE Firm Fell Short of Expectations | Deep Dive

Blackstone on sale: company shares fell by over 6% after the quarterly (Q3) results were announced including massive declines in revenue.

Blackstone reported distributable earnings of $1.2bn, or 94 cents per share for Q3 2023 – below analysts' expected earnings of $1.01 per share. Photo: Getty Images
Blackstone reported distributable earnings of $1.2bn, or 94 cents per share for Q3 2023 – below analysts’ expected earnings of $1.01 per share. Photo: Getty Images

Blackstone’s net realisations fell 36% YoY to $259.44m, while its revenue decreased by 10% YoY, to $2.32bn.

This decline occurred due to the regulatory environment and the sluggish nature of today’s dealmaking environment.

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