Company: DBRG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001679688-25-000017
Chunk: 3

Company: DigitalBridge Group, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 3
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 of Financial Condition and Results of Operations" in our 2023 Annual Report on Form 10-K for comparative discussion of our consolidated results of operations for the prior year periods of 2023 and 2022.

A comparative discussion of our consolidated results of operations for 2024 and 2023 is presented below.

 Year Ended December 31,(In thousands)20242023ChangeRevenuesFee revenue$329,693 $264,117 $65,576 Carried interest allocation218,250 363,075 (144,825)Principal investment income30,023 145,448 (115,425)Other income29,062 48,743 (19,681)Total revenues607,028 821,383 (214,355)ExpensesCompensation expense—cash and equity-based181,821 206,892 (25,071)Compensation expense—incentive fee and carried interest allocation144,650 186,030 (41,380)Administrative and other expenses114,985 86,937 28,048 Interest expense16,438 24,540 (8,102)Transaction-related costs5,265 10,823 (5,558)Depreciation and amortization33,706 36,651 (2,945)Total expenses496,865 551,873 (55,008)Other income (loss)Other gain (loss), net58,652 96,119 (37,467)Income (Loss) before income taxes168,815 365,629 (196,814)Income tax benefit (expense)(2,944)(6)(2,938)Income (Loss) from continuing operations165,871 365,623 (199,752)Income (Loss) from discontinued operations (18,865)(320,458)301,593 Net income (loss)147,006 45,165 101,841 Net income (loss) attributable to noncontrolling interests:Redeemable noncontrolling interests2,458 6,503 (4,045)Investment entities73,343 (155,756)229,099 Operating Company683 9,138 (8,455)Net income (loss) attributable to DigitalBridge Group, Inc.70,522 185,280 (114,758)Preferred stock repurchases— (927)927 Preferred stock dividends58,641