Ares Management Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 671.26 million compared to USD 801.29 million a year ago. Net income was USD 61.82 million compared to net loss of USD 35.55 million a year ago. Basic earnings per share from continuing operations was USD 0.3 compared to basic loss per share from continuing operations of USD 0.22 a year ago. Diluted earnings per share from continuing operations was USD 0.3 compared to diluted loss per share from continuing operations of USD 0.22 a year ago.
For the nine months, revenue was USD 2,577.9 million compared to USD 2,117.72 million a year ago. Net income was USD 300.38 million compared to USD 50.05 million a year ago. Basic earnings per share from continuing operations was USD 1.54 compared to USD 0.23 a year ago. Diluted earnings per share from continuing operations was USD 1.54 compared to USD 0.23 a year ago.