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Ares Management (ARES) Reports Q3 Earnings: What Key Metrics Have to Say

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Ares Management (ARES - Free Report) reported $1.16 billion in revenue for the quarter ended September 2025, representing a year-over-year increase of 44.7%. EPS of $1.19 for the same period compares to $0.95 a year ago.

The reported revenue represents a surprise of +4.18% over the Zacks Consensus Estimate of $1.12 billion. With the consensus EPS estimate being $1.14, the EPS surprise was +4.39%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Ares Management performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • FPAUM Rollforward - Ending Balance - Total: $367.62 billion compared to the $364.98 billion average estimate based on four analysts.
  • AUM Rollforward - Ending Balance - Total: $595.66 billion versus the four-analyst average estimate of $595.65 billion.
  • FPAUM Rollforward - Ending Balance - Real Assets Group: $80.5 billion compared to the $81.04 billion average estimate based on three analysts.
  • FPAUM Rollforward - Ending Balance - Secondaries Group: $28.08 billion versus the three-analyst average estimate of $25.65 billion.
  • Financial Details Segments- Other fees: $81.21 million compared to the $64.12 million average estimate based on four analysts. The reported number represents a change of +244.4% year over year.
  • Financial Details Segments- Fee related performance revenues: $85.4 million versus $63.25 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +92.9% change.
  • Financial Details Segments- Management fees: $970.61 million compared to the $941.66 million average estimate based on four analysts. The reported number represents a change of +28.2% year over year.
  • Financial Details Segments- Performance income-realized: $24.56 million versus $49.98 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +11.1% change.
  • Realized Income- Secondaries Group: $72.32 million compared to the $38.52 million average estimate based on two analysts. The reported number represents a change of +181.8% year over year.
  • Realized Income- Real Assets Group: $112.05 million versus the two-analyst average estimate of $104.42 million. The reported number represents a year-over-year change of +80.7%.
  • Realized Income- Private Equity Group: $10.58 million compared to the $15.64 million average estimate based on two analysts. The reported number represents a change of -14% year over year.
  • Realized Income- Credit Group: $474.57 million versus $462.08 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +21.1% change.

View all Key Company Metrics for Ares Management here>>>

Shares of Ares Management have returned -2.4% over the past month versus the Zacks S&P 500 composite's +2.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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