Blackstone Stock Plunges 5.71% Despite Strong 2024 Earnings

On April 7, 2025, Blackstone's stock price dropped by 5.71% in pre-market trading, signaling a significant decline in investor sentiment.

Blackstone, the world's largest alternative-asset manager, reported strong financial results for the full year of 2024. The company's revenue surged by 65% to US$12.7 billion, driven by robust performance across its core business segments, including private equity, real estate, credit, and insurance.

Analysts are anticipating Blackstone's next quarterly earnings report, with expectations of a profit of $1.22 per share on a diluted basis, marking a 24.5% increase from the same period last year. This optimistic outlook reflects the company's strong financial performance and strategic investments.

Despite the recent drop in stock price, Blackstone's long-term growth prospects remain promising. The company's diverse portfolio and global presence position it well to capitalize on emerging opportunities in the alternative-asset management sector.