Ares Management Corporation reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 801.29 million compared to USD 948.72 million a year ago. Net loss was USD 35.55 million compared to net income of USD 84.73 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to basic earnings per share from continuing operations of USD 0.49 a year ago. Diluted loss per share from continuing operations was USD 0.22 compared to diluted earnings per share from continuing operations of USD 0.45 a year ago.
For the nine months, revenue was USD 2,117.72 million compared to USD 2,901.93 million a year ago. Net income was USD 50.05 million compared to USD 284.75 million a year ago. Basic earnings per share from continuing operations was USD 0.23 compared to USD 1.55 a year ago. Diluted earnings per share from continuing operations was USD 0.23 compared to USD 1.48 a year ago.