Apollo Global Management, Inc. (APO)

Apollo Global Management beats by $0.48, total assets under management increased 11% yr/yr

Reports Q1 earnings of $1.52 per share, $0.48 better than the S&P Capital IQ Consensus of $1.04.Management fees increased 11% year-over-year driven by robust and broad-based inflows across the platform, particularly from Yield funds, as well as strong deployment activity in funds that earn management fees on invested capital.Advisory and transaction fees increased 16% year-over-year, with strong full year growth still expected in 2022.Total AUM increased $52 billion, or 11%, year-over-year driven by $50 billion of inflows from Asset Management and $40 billion of inflows from Retirement Services, partially offset by robust realization activity of $27 billion, primarily from Equity funds.Gross inflows of $31 billion during the first quarter and $91 billion over the last twelve months.