StepStone Group Shares Rise on Higher 4Q Adjusted Earnings, Revenue

Dow Jones

May 23

By Connor Hart

Shares of StepStone Group climbed after the company posted higher adjusted earnings and revenue in its fiscal fourth quarter, boosted by higher fees and more assets under management.

The stock rose 12%, to $63.55, in after-hours trading. Through Thursday's close, shares have gained 50% over the past year.

The private-markets manager after the closing bell posted a profit of $13.2 million for its three months ended March 31, compared with $82.5 million a year earlier.

StepStone notched a net loss attributable to the company of $18.5 million, or 24 cents a share, compared with a profit attributable to the company of $30.8 million, or 48 cents a share, last year.

Stripping out certain one-time items, adjusted net income came in at 68 cents a share, up compared with 33 cents a share in the same quarter last year.

Total revenues increased to $377.7 million from $356.8 million, and assets under management increased to $189.4 billion from $156.6 billion.

Fee revenues climbed 40%, to $214.7 million, while fee-related earnings jumped 80%, to $94.1 million.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

May 22, 2025 17:55 ET (21:55 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/2537920732"},"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:\"2537920732\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2537920732?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-23 05:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2537920732","market":"sg","top_or_hot":-1,"title":"StepStone Group Shares Rise on Higher 4Q Adjusted Earnings, Revenue","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Connor Hart \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of StepStone Group climbed after the company posted higher adjusted earnings and revenue in its fiscal fourth quarter, boosted by higher fees and more assets under management. \n</p>\n<p>\n  The stock rose 12%, to $63.55, in after-hours trading. Through Thursday's close, shares have gained 50% over the past year. \n</p>\n<p>\n  The private-markets manager after the closing bell posted a profit of $13.2 million for its three months ended March 31, compared with $82.5 million a year earlier. \n</p>\n<p>\n  StepStone notched a net loss attributable to the company of $18.5 million, or 24 cents a share, compared with a profit attributable to the company of $30.8 million, or 48 cents a share, last year. \n</p>\n<p>\n  Stripping out certain one-time items, adjusted net income came in at 68 cents a share, up compared with 33 cents a share in the same quarter last year. \n</p>\n<p>\n  Total revenues increased to $377.7 million from $356.8 million, and assets under management increased to $189.4 billion from $156.6 billion. \n</p>\n<p>\n  Fee revenues climbed 40%, to $214.7 million, while fee-related earnings jumped 80%, to $94.1 million. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 22, 2025 17:55 ET (21:55 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>StepStone Group Shares Rise on Higher 4Q Adjusted Earnings, Revenue</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\">\nStepStone Group Shares Rise on Higher 4Q Adjusted Earnings, Revenue\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\">2025-05-23 05:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Connor Hart \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of StepStone Group climbed after the company posted higher adjusted earnings and revenue in its fiscal fourth quarter, boosted by higher fees and more assets under management. \n</p>\n<p>\n  The stock rose 12%, to $63.55, in after-hours trading. Through Thursday's close, shares have gained 50% over the past year. \n</p>\n<p>\n  The private-markets manager after the closing bell posted a profit of $13.2 million for its three months ended March 31, compared with $82.5 million a year earlier. \n</p>\n<p>\n  StepStone notched a net loss attributable to the company of $18.5 million, or 24 cents a share, compared with a profit attributable to the company of $30.8 million, or 48 cents a share, last year. \n</p>\n<p>\n  Stripping out certain one-time items, adjusted net income came in at 68 cents a share, up compared with 33 cents a share in the same quarter last year. \n</p>\n<p>\n  Total revenues increased to $377.7 million from $356.8 million, and assets under management increased to $189.4 billion from $156.6 billion. \n</p>\n<p>\n  Fee revenues climbed 40%, to $214.7 million, while fee-related earnings jumped 80%, to $94.1 million. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 22, 2025 17:55 ET (21:55 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":"STEP","symbol_name":"StepStone Group Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2537920732","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537920732","pubTimestamp":1747950900,"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":"Shares of StepStone Group climbed after the company posted higher adjusted earnings and revenue in its fiscal fourth quarter, boosted by higher fees and more assets under management.The stock rose 12%, to $63.55, in after-hours trading. Through Thursday's close, shares have gained 50% over the past year.The private-markets manager after the closing bell posted a profit of $13.2 million for its three months ended March 31, compared with $82.5 million a year earlier.StepStone notched a net loss attributable to the company of $18.5 million, or 24 cents a share, compared with a profit attributable to the company of $30.8 million, or 48 cents a share, last year.Stripping out certain one-time items, adjusted net income came in at 68 cents a share, up compared with 33 cents a share in the same quarter last year.Total revenues increased to $377.7 million from $356.8 million, and assets under management increased to $189.4 billion from $156.6 billion.Fee revenues climbed 40%, to $214.7 million,","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"STEP":"StepStone Group Inc."},"translate_title":"StepStone Group股价因第四季度调整后盈利和收入增加而上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STEP":1},"content_text":"By Connor Hart \n\n\n \n\n\n  Shares of StepStone Group climbed after the company posted higher adjusted earnings and revenue in its fiscal fourth quarter, boosted by higher fees and more assets under management. \n\n\n  The stock rose 12%, to $63.55, in after-hours trading. Through Thursday's close, shares have gained 50% over the past year. \n\n\n  The private-markets manager after the closing bell posted a profit of $13.2 million for its three months ended March 31, compared with $82.5 million a year earlier. \n\n\n  StepStone notched a net loss attributable to the company of $18.5 million, or 24 cents a share, compared with a profit attributable to the company of $30.8 million, or 48 cents a share, last year. \n\n\n  Stripping out certain one-time items, adjusted net income came in at 68 cents a share, up compared with 33 cents a share in the same quarter last year. \n\n\n  Total revenues increased to $377.7 million from $356.8 million, and assets under management increased to $189.4 billion from $156.6 billion. \n\n\n  Fee revenues climbed 40%, to $214.7 million, while fee-related earnings jumped 80%, to $94.1 million. \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 22, 2025 17:55 ET (21:55 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":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}