Apollo Global Management Full Year 2024 Earnings: EPS Beats Expectations

Apollo Global Management (NYSE:APO) Full Year 2024 Results

Key Financial Results

• Revenue: US$25.9b (down 19% from FY 2023).
• Net income: US$4.48b (down 7.3% from FY 2023).
• Profit margin: 17% (up from 15% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: US$7.65 (down from US$8.32 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Apollo Global Management EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.0%.

Looking ahead, revenue is expected to decline by 90% p.a. on average during the next 3 years, while revenues in the Diversified Financial industry in the US are expected to grow by 5.1%.

Performance of the American Diversified Financial industry.

The company's shares are down 4.0% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Apollo Global Management that you should be aware of.

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