StepStone Group Inc. has reported its financial results for the recent quarter, highlighting a net income of $48.045 million, compared to a net loss of $12.011 million in the previous period. The net income attributable to StepStone Group Inc. was recorded at $13.328 million, an improvement from a net loss of $38.424 million in the prior period. Earnings per share of Class A common stock stood at $0.20, reflecting a positive shift from a loss of $0.49 per share previously. The company reported fee revenues of $178.514 million, down from $212.740 million, showing a 19% decrease. Fee-related earnings were $71.656 million, compared to $81.246 million, indicating a 13% decline. Realized carried interest allocations saw a significant increase to $41.804 million from $24.404 million, marking a 42% rise. These results indicate a considerable improvement in the company's financial performance, particularly in net income and earnings per share, despite a decrease in fee revenues. No specific guidance or outlook for the future was provided in the report.
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