Blue Owl Capital reports Q2 distributable EPS 16c, consensus 16c

Reports Q2 revenue $416.94M, consensus $396.54M. “Blue Owl arrived at a significant milestone during the second quarter of 2023, reaching $150B of assets under management at the beginning of our third year as a public company,” said Doug Ostrover and Marc Lipschultz, Co-CEOs. “This accomplishment has been accompanied by nine straight quarters of management fee growth, and we have more than doubled our management fees over this period. Even more notably, we have achieved this stable and strong growth through a period of tumultuous markets, substantial moves in interest rates, and fluctuating expectations around inflation and economic growth. We believe our business is very well positioned to continue to thrive in the current landscape, having been built around permanent capital and predictable, recurring revenues.”