Apollo Global Management (APO) Tops Q1 EPS by 9c

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Apollo Global Management, Inc. Reports First Quarter 2021 Results

May 4, 2021 7:00 AM EDT

NEW YORK, May 04, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, Apollo) today reported results for the first quarter ended March 31, 2021.

The first quarter was incredibly strong for Apollo, with record GAAP earnings of $2.81 per share and record fee related earnings of $0.65 per share, up 26% year over year. Our private equity portfolio is incredibly well positioned for the reopening of the U.S. economy and showed significant appreciation of +22% in the quarter. Substantial progress was made in implementing our strategic growth plan,... More