Ares Management Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 1,053.98 million compared to USD 937.72 million a year ago. Net income was USD 173.95 million compared to USD 117.49 million a year ago. Basic earnings per share from continuing operations was USD 0.88 compared to USD 0.64 a year ago. Diluted earnings per share from continuing operations was USD 0.86 compared to USD 0.62 a year ago.
For the full year, revenue was USD 3,631.88 million compared to USD 3,055.44 million a year ago. Net income was USD 474.33 million compared to USD 167.54 million a year ago. Basic earnings per share from continuing operations was USD 2.44 compared to USD 0.87 a year ago. Diluted earnings per share from continuing operations was USD 2.42 compared to USD 0.87 a year ago.