DigitalBridge Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 03, 2023 at 09:09 pm
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DigitalBridge Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 214.06 million compared to USD 244.34 million a year ago. Revenue was USD 477.08 million compared to USD 429.85 million a year ago. Net income was USD 276.47 million compared to net loss of USD 49.09 million a year ago. Basic earnings per share was USD 1.6 compared to basic loss per share of USD 0.39 a year ago. Diluted earnings per share was USD 1.48 compared to diluted loss per share of USD 0.39 a year ago.
For the nine months, sales was USD 679.74 million compared to USD 681.1 million a year ago. Revenue was USD 1,152.17 million compared to USD 1,079.32 million a year ago. Net income was USD 70.01 million compared to net loss of USD 317.21 million a year ago. Basic earnings per share was USD 0.17 compared to basic loss per share of USD 2.37 a year ago. Diluted earnings per share was USD 0.16 compared to diluted loss per share of USD 2.37 a year ago.
DigitalBridge Group, Inc. is a global digital infrastructure investment manager, deploying and managing capital across the digital ecosystem, including data centers, cell towers, fiber networks, small cells, and edge infrastructure. It operates through Investment Management segment. The Investment Management segment represents its global investment management platform, deploying and managing capital on behalf of a diverse base of global institutional investors. Its investment management platform is composed of number of long durations, private investment funds designed to provide institutional investors access to investments across different segments of the digital infrastructure ecosystem. In addition to its flagship value-add digital infrastructure equity offerings, its investment offerings also include core equity, credit, and liquid securities. Its investment management platform is anchored by its value-add funds within the DigitalBridge Partners infrastructure equity offerings.
DIGITALBRIDGE GROUP, INC. 
