Apollo Global reports Q4 adjusted EPS $1.91, consensus $1.72

Reports Q4 revenue $11.05B, consensus $3.62B. Q4 total AUM was $651B, which benefited from total inflows of $32B in Q4. Marc Rowan, CEO, said, “Amid a volatile market backdrop in 2023, Apollo was firing on all cylinders. We generated exceptional results highlighted by Fee and Spread Related Earnings growth exceeding 25% and nearly $160B of inflows. Entering 2024, we are employing discipline at every turn as we continue to provide our clients with excess return per unit of risk.”