Apollo Reports Fourth Quarter and Full Year 2024 Results

Rhea-AI Summary

Apollo Global Management (NYSE: APO) has reported its Q4 and full year 2024 results, marking a strong performance year. The company achieved several significant milestones in 2024, including:

- Record origination activity exceeding $220 billion
- Inflows of more than $150 billion
- Assets under management surpassing $750 billion

The company declared a cash dividend of $0.4625 per share of Common Stock for Q4 2024, payable on February 28, 2025, to holders of record as of February 18, 2025. Additionally, a cash dividend of $0.8438 per share of Mandatory Convertible Preferred Stock was declared, payable on April 30, 2025, to holders of record as of April 15, 2025.

Positive

• Record origination activity of over $220 billion
• Strong inflows exceeding $150 billion
• AUM growth beyond $750 billion
• Quarterly dividend maintained at $0.4625 per share

Negative

• None.

Insights

Financial Analyst

Apollo's Q4 2024 results showcase exceptional operational momentum across key performance metrics. The record origination activity of $220 billion demonstrates Apollo's robust deal-sourcing capabilities and market penetration, particularly significant given the challenging market conditions throughout 2024. This level of origination positions Apollo favorably for sustained fee-related earnings growth.

The impressive inflows exceeding $150 billion reflect strong institutional confidence in Apollo's investment strategies and highlight their successful fundraising capabilities. This momentum in capital raising, combined with AUM surpassing $750 billion, strengthens Apollo's position among the top-tier alternative asset managers globally.

The quarterly dividend declaration of $0.4625 per common share maintains Apollo's commitment to shareholder returns while balancing reinvestment for growth. The firm's strong origination pipeline and substantial dry powder suggest continued robust deployment opportunities, which should drive future performance fees and realized gains.

The strategic focus on execution and "playing to win" indicates an aggressive growth stance, suggesting potential market share gains in key segments like private credit, where Apollo has historically demonstrated competitive advantages through their origination platform and risk management expertise.

NEW YORK, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today reported results for the fourth quarter and full year ended December 31, 2024.

Marc Rowan, Chief Executive Officer at Apollo said, “Our fourth quarter results punctuate a very strong year of performance for Apollo. 2024 highlights include record origination activity exceeding $220 billion, inflows of more than $150 billion, and assets under management surpassing $750 billion. Entering 2025, our growth strategy is clear, our team is focused on execution, and we are playing to win.”

Apollo issued a full detailed presentation of its fourth quarter and full year ended December 31, 2024 results, which can be viewed on Apollo’s Investor Relations website at ir.apollo.com.

Dividend

Apollo Global Management, Inc. has declared a cash dividend of $0.4625 per share of its Common Stock for the fourth quarter ended December 31, 2024. This dividend will be paid on February 28, 2025 to holders of record at the close of business on February 18, 2025.

Apollo Global Management, Inc. has also declared and set aside for payment a cash dividend of $0.8438 per share of its Mandatory Convertible Preferred Stock, which will be paid on April 30, 2025 to holders of record at the close of business on April 15, 2025.

The declaration and payment of dividends on the Common Stock and the Mandatory Convertible Preferred Stock are at the sole discretion of Apollo Global Management, Inc.’s board of directors. Apollo cannot assure its stockholders that they will receive any dividends in the future.

Conference Call

Apollo will host a public audio webcast on Tuesday, February 4, 2025 at 8:30 a.m. Eastern Time. During the webcast, members of Apollo’s senior management team will review Apollo’s financial results for the fourth quarter and full year ended December 31, 2024.

The webcast may be accessed at ir.apollo.com. For those unable to listen to the live broadcast, there will be a replay of the webcast available at the same link one hour after the event.

Apollo distributes its earnings releases via its website and email distribution lists. Those interested in receiving firm updates by email can sign up for them at ir.apollo.com.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management. To learn more, please visit www.apollo.com.

Forward-Looking Statements

In this press release, references to “Apollo,” “we,” “us,” “our” and the “Company” refer collectively to Apollo Global Management, Inc. and its subsidiaries, or as the context may otherwise require. This press release may contain forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, discussions related to Apollo’s expectations regarding the performance of its business, its liquidity and capital resources and other non-historical statements. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. When used in this press release, the words “believe,” “anticipate,” “estimate,” “expect,” “intend” and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These statements are subject to certain risks, uncertainties and assumptions, including risks relating to inflation, interest rate fluctuations and market conditions generally, the impact of energy market dislocation, our ability to manage our growth, our ability to operate in highly competitive environments, the performance of the funds we manage, our ability to raise new funds, the variability of our revenues, earnings and cash flow, the accuracy of management’s assumptions and estimates, our dependence on certain key personnel, our use of leverage to finance our businesses and investments by the funds we manage, Athene’s ability to maintain or improve financial strength ratings, the impact of Athene’s reinsurers failing to meet their assumed obligations, Athene’s ability to manage its business in a highly regulated industry, changes in our regulatory environment and tax status, and litigation risks, among others. We believe these factors include but are not limited to those described under the section entitled “Risk Factors” in our annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 27, 2024, and the quarterly report on Form 10-Q filed with the SEC on November 6, 2024, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This press release does not constitute an offer of any Apollo fund.

Investor and Media Relations Contacts

For investors please contact:
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
212-822-0540
ir@apollo.com

For media inquiries please contact:
Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
212-822-0491
communications@apollo.com

FAQ

What were Apollo's (APO) key performance metrics for 2024?

Apollo achieved record origination activity exceeding $220 billion, inflows of more than $150 billion, and assets under management surpassing $750 billion in 2024.

What is Apollo's (APO) Q4 2024 dividend payment date and amount?

Apollo declared a Q4 2024 dividend of $0.4625 per share, payable on February 28, 2025, to shareholders of record as of February 18, 2025.

How much did Apollo's (APO) assets under management grow to in 2024?

Apollo's assets under management grew to surpass $750 billion in 2024.

What is Apollo's (APO) preferred stock dividend for Q4 2024?

Apollo declared a Mandatory Convertible Preferred Stock dividend of $0.8438 per share, payable on April 30, 2025, to holders of record as of April 15, 2025.