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Private Equity Firm Carlyle Q3 Revenue Misses Consensus On Lower Fee Related Earnings

The Carlyle Group Inc (NASDAQ: CG) reported Q3 FY23 revenue of $776.6 million, missing the consensus of $809.6 million.

Fee-Related Earnings declined 4% Y/Y to $205 million in Q3 2023, with realized net performance revenues dropping to $150 million from $391.1 the prior year. 

Global Private Equity segment Fee Related Earnings rose 11% Y/Y to $139 million, primarily aided by lower G&A expenses.

Adjusted Distributable EPS of $0.87 

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