FMP
DigitalBridge’s Q1 Earnings Review
May 17, 2023 7:36 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
DigitalBridge Group, Inc. (NYSE:DBRG) recently reported its Q1 earnings, with Digital IM segment revenues of $62 million increasing 37% year-over-year and 31% sequentially.
Total Assets under management (AUM) increased by $16.3 billion sequentially to $67.6 billion at the end of March 2023. Total Fee earnings equity under management (FEEUM) increased by $5.5 billion sequentially to $27.7 billion at the end of March 2023. The company raised new capital totaling $0.7 billion in Q1/23.
Management had earlier indicated that its 2023 fundraising will be weighted towards H2/23. Management maintained its 2023 and 2025 guidance.
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