KKR Swings to 1Q Loss, Asset Management Sales Rise

Dow Jones

May 01, 2025

By Katherine Hamilton

KKR swung to a loss in the first quarter, but beat Wall Street expectations with adjusted earnings and asset management revenue.

The New York investment firm on Thursday posted a loss of $185.9 million or 22 cents a share, in the quarter ended March 31, compared with a profit of $682.2 million, or 74 cents a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were $1.15, ahead of the $1.13 forecast by analysts, according to FactSet.

Total revenue fell 68% to $3.11 billion. Asset management segment revenue rose to $1.77 billion from $1.39 billion, ahead of the $1.71 billion analysts polled by FactSet forecast.

"Over our 49-year history, we have successfully navigated many periods of uncertainty," Co-Chief Executives Joseph Bae and Scott Nuttal said. "Volatility can yield attractive investment opportunities."

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

May 01, 2025 09:56 ET (13:56 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2532035100"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2532035100\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2532035100?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-01 21:56","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2532035100","market":"nz","top_or_hot":-1,"title":"KKR Swings to 1Q Loss, Asset Management Sales Rise","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Katherine Hamilton \n</p>\n<p>\n  KKR swung to a loss in the first quarter, but beat Wall Street expectations with adjusted earnings and asset management revenue. \n</p>\n<p>\n  The New York investment firm on Thursday posted a loss of $185.9 million or 22 cents a share, in the quarter ended March 31, compared with a profit of $682.2 million, or 74 cents a share, a year earlier. \n</p>\n<p>\n  Stripping out certain one-time items, adjusted per-share earnings were $1.15, ahead of the $1.13 forecast by analysts, according to FactSet. \n</p>\n<p>\n  Total revenue fell 68% to $3.11 billion. Asset management segment revenue rose to $1.77 billion from $1.39 billion, ahead of the $1.71 billion analysts polled by FactSet forecast. \n</p>\n<p>\n  \"Over our 49-year history, we  have successfully navigated many periods of uncertainty,\" Co-Chief Executives Joseph Bae and Scott Nuttal said. \"Volatility can yield attractive investment opportunities.\" \n</p>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 01, 2025 09:56 ET (13:56 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>KKR Swings to 1Q Loss, Asset Management Sales Rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKKR Swings to 1Q Loss, Asset Management Sales Rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-01 21:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Katherine Hamilton \n</p>\n<p>\n  KKR swung to a loss in the first quarter, but beat Wall Street expectations with adjusted earnings and asset management revenue. \n</p>\n<p>\n  The New York investment firm on Thursday posted a loss of $185.9 million or 22 cents a share, in the quarter ended March 31, compared with a profit of $682.2 million, or 74 cents a share, a year earlier. \n</p>\n<p>\n  Stripping out certain one-time items, adjusted per-share earnings were $1.15, ahead of the $1.13 forecast by analysts, according to FactSet. \n</p>\n<p>\n  Total revenue fell 68% to $3.11 billion. Asset management segment revenue rose to $1.77 billion from $1.39 billion, ahead of the $1.71 billion analysts polled by FactSet forecast. \n</p>\n<p>\n  \"Over our 49-year history, we  have successfully navigated many periods of uncertainty,\" Co-Chief Executives Joseph Bae and Scott Nuttal said. \"Volatility can yield attractive investment opportunities.\" \n</p>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 01, 2025 09:56 ET (13:56 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KKR","symbol_name":"KKR & Co L.P.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2532035100","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2532035100","pubTimestamp":1746107760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"KKR swung to a loss in the first quarter, but beat Wall Street expectations with adjusted earnings and asset management revenue.The New York investment firm on Thursday posted a loss of $185.9 million or 22 cents a share, in the quarter ended March 31, compared with a profit of $682.2 million, or 74 cents a share, a year earlier.Stripping out certain one-time items, adjusted per-share earnings were $1.15, ahead of the $1.13 forecast by analysts, according to FactSet.Total revenue fell 68% to $3.11 billion. Asset management segment revenue rose to $1.77 billion from $1.39 billion, ahead of the $1.71 billion analysts polled by FactSet forecast.\"Over our 49-year history, we  have successfully navigated many periods of uncertainty,\" Co-Chief Executives Joseph Bae and Scott Nuttal said. \"Volatility can yield attractive investment opportunities.\"","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"KKR":"KKR & Co L.P."},"translate_title":"KKR第一季度亏损，资产管理销售额上升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KKR":1},"content_text":"By Katherine Hamilton \n\n\n  KKR swung to a loss in the first quarter, but beat Wall Street expectations with adjusted earnings and asset management revenue. \n\n\n  The New York investment firm on Thursday posted a loss of $185.9 million or 22 cents a share, in the quarter ended March 31, compared with a profit of $682.2 million, or 74 cents a share, a year earlier. \n\n\n  Stripping out certain one-time items, adjusted per-share earnings were $1.15, ahead of the $1.13 forecast by analysts, according to FactSet. \n\n\n  Total revenue fell 68% to $3.11 billion. Asset management segment revenue rose to $1.77 billion from $1.39 billion, ahead of the $1.71 billion analysts polled by FactSet forecast. \n\n\n  \"Over our 49-year history, we  have successfully navigated many periods of uncertainty,\" Co-Chief Executives Joseph Bae and Scott Nuttal said. \"Volatility can yield attractive investment opportunities.\" \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 01, 2025 09:56 ET (13:56 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}