Ares Management Corporation has announced its financial results for the first quarter of 2026, missing forecasts for profit and revenue. The company reported earnings per share (EPS) of USD 1.24, falling short of the forecast of USD 1.38, which corresponds to a negative surprise of 10.14%. At USD 1.27 billion, turnover was also below the forecast of USD 1.32 billion (a deviation of -3.79%). Despite these missed targets, Ares Management's shares proved resilient and rose by 2.7% to USD 120.50 in pre-market trading.
Ares Management reported solid growth in assets under management (AUM), which increased 18% year-over-year to $644 billion. Fee-paying AUM grew by 19% to USD 400 billion. Despite missing the profit forecast, the company achieved several milestones, including exceeding the USD 1 billion mark in management fees for the first time, underlining the strong operating performance.
Outlook & forecast
Ares Management has set itself ambitious targets for the future. The EPS forecasts for the coming quarters are between USD 1.45 and USD 2.15. Revenue forecasts for the coming quarters point to continued growth, with expectations of up to USD 1.45 billion in the fourth quarter of 2026. The company remains optimistic about its growth trajectory, driven by robust demand across its various investment platforms.