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$4.33b (down 11% from FY 2023).
• Profit margin: 17% (up from 15% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: US$7.39 (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 49% p.a. on average during the next 3 years, while revenues in the Diversified Financial industry in the US are expected to grow by 6.4%.

Performance of the American Diversified Financial industry.

The company's shares are down 10% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Apollo Global Management that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.