Blue Owl Capital Inc. reported its first-quarter 2025 financial results, showing a 33% increase in GAAP revenues, reaching $683.5 million, compared to $513.3 million in the same period last year. GAAP net income attributable to Blue Owl Capital Inc. was $7.4 million, down 70% from the previous year's $25.1 million. The earnings per Class A share stood at $0.01 on a basic basis and $0.00 on a diluted basis for the quarter. The company's GAAP expenses rose by 69% to $606.2 million from $357.7 million reported in the previous year. Management fees as a percentage of permanent capital decreased from 90% to 81%. Supplemental information showed a notable 155% increase in the Real Assets segment, reaching $123.3 million compared to $48.4 million in the prior year. The Credit segment also experienced growth, with revenues of $408.9 million, marking a 28% increase from $318.4 million. GP Strategic Capital revenues increased modestly by 3%, reaching $151.2 million from $146.6 million in the previous year. These results reflect the company's ongoing efforts to strengthen its financial position and expand its business segments.