Apollo Global Management said it completed the acquisition of Bridge on September 2, 2025 in an all-stock transaction, and Asset Management revenues were $1,487 million in Q3 2025, an increase of $565 million from $922 million in Q3 2024.

1. 01

   Apollo Global Management said it completed the acquisition of Bridge on September 2, 2025 in an all-stock transaction, and Asset Management revenues were $1,487 million in Q3 2025, an increase of $565 million from $922 million in Q3 2024.

2. 02

   The company said management fees in Asset Management were $606 million in Q3 2025, an increase of $130 million, and investment income was $444 million, an increase of $214 million, primarily driven by an increase in performance allocations of $217 million.

3. 03

   Apollo Global Management said Retirement Services revenues were $8.3 billion in Q3 2025, an increase of $1.5 billion, net investment income was $5.0 billion, an increase of $912 million, and premiums were $117 million, a decrease of $272 million.

4. 04

   The company said unrestricted cash and cash equivalents were $17.0 billion as of September 30, 2025, and available funds under the AGM credit facility, AHL credit facility and AHL liquidity facility were $5.3 billion.

Key figures

Quarter ended September 30, 2025

Revenue

$9.8B

Net income

$1.7B

EPS

$2.78

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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