Shares of DigitalBridge Group, Inc. (DBRG) tumbled around 6.98% in pre-market trading on Thursday, following the release of its fourth-quarter and full-year 2024 financial results.
The notable decline in the stock price can be attributed to the company's disappointing revenue performance during the fourth quarter. According to the earnings flash, DigitalBridge reported total revenue of $66.2 million for Q4 2024, significantly lower than the FactSet consensus estimate of $94.8 million.
The earnings report and conference call announcement suggest that DigitalBridge will provide further details and insights into its financial performance and outlook during the earnings call scheduled for today at 8:00 a.m. ET. Investors and analysts will likely seek explanations for the revenue miss and assess the company's growth prospects in the digital infrastructure and alternative asset management sectors.
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