Ares Management Corp has recently released its 10-Q report, providing a detailed look at its financial performance. Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds for institutional and retail investors in the tradable and non-investment grade corporate credit markets. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies, while the Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies. The Real Estate Group segment invests in new developments and repositions assets, with a focus on control or majority-control investments.
In the unaudited condensed consolidated financial statements, the company reported total revenues of $1,350,128,000 for the three months ended June 30, 2025, representing a significant increase of $561,446,000 or 71% compared to the same period in 2024. For the six months ended June 30, 2025, the total revenues amounted to $2,438,933,000, reflecting a substantial increase of $942,888,000 or 63% compared to the same period in 2024.
The company's revenues were primarily driven by management fees, which amounted to $900,622,000 for the three months ended June 30, 2025, and $1,717,609,000 for the six months ended June 30, 2025. This represents an increase of $178,941,000 or 25% for the three-month period and $308,236,000 or 22% for the six-month period compared to the respective periods in 2024. The increase in management fees was attributed to capital raised by publicly-traded and perpetual wealth vehicles, as well as capital deployment in private funds within the direct lending and alternative credit strategies.
Carried interest allocation also contributed significantly to the company's revenues, amounting to $323,901,000 for the three months ended June 30, 2025, and $483,909,000 for the six months ended June 30, 2025. This represents a notable increase compared to the same periods in 2024.
Incentive fees, principal investment income, and administrative, transaction, and other fees also contributed to the company's total revenues, reflecting positive performance across various segments.
The unaudited condensed consolidated financial statements also revealed the consolidation and deconsolidation of Ares Funds, representing approximately 3% of the company's AUM as of June 30, 2025, and 5% of total revenues for the six months ended June 30, 2025. The impact of consolidation typically decreases management fees, carried interest allocation, and incentive fees reported under GAAP to the extent these amounts are eliminated upon consolidation.
As a result of these announcements, the company's shares have moved 0.79% on the market, and are now trading at a price of $188.43. Check out the company's full 10-Q submission here.
