Q2 2025 DigitalBridge Group Inc Earnings Call Transcript
Key Points
- DigitalBridge Group Inc (DBRG) reported solid revenue and earnings growth, with fee revenue increasing by 8% year over year and fee-related earnings growing by 23%.
- The company raised $1.3 billion in the quarter, bringing the year-to-date total to $2.5 billion, making significant progress towards its $40 billion PM target for the year.
- DBRG established two new critical platforms, Yonder in hyperscale data centers and Techno in the digital power strategy, to address AI infrastructure needs.
- The company has a strong leasing pipeline, with a record 5 gigawatt US hyperscale leasing pipeline driven by demand from hyperscalers and AI leaders.
- DBRG's private wealth channel is expanding, with a new AI-centric product expected to launch, following the success of its previous data center-focused product.
- Distributable earnings were negative $19 million for the quarter, primarily due to a $40 million realized loss from an Infrabridge fund investment.
- The company reported a $12 million net reversal of carried interest during the quarter, indicating potential volatility in investment valuations.
- There is a significant reliance on power availability, with the company emphasizing the need for a 21 gigawatt power bank to support AI infrastructure growth.
- The macroeconomic environment, including interest rates, poses challenges for financing and investment returns.
- The timeline for realizing carried interest and returns from new investments, such as the 3.2 gigawatts under development, remains uncertain and may take several years.
Good day and welcome to the DigitalBridge Group Inc. 2nd quarter 2025 earnings conference call. (Operator Instructions) Please note, this event is being recorded.
I would now like to turn the conference over to Severin White, Managing Director, Head of Public Investor Relations. Please go ahead.
Good morning, everyone, and welcome to DigitalBridge's second quarter 2025 earnings conference call. Speaking on the call today from the company's Marc Ganzi, our CEO; and Tom Mayrhofer, our CFO. I'll quickly cover the safe harbor. Some of the statements that we make today regarding our business operations and financial performance may be considered forward-looking, and such statements involve a number of risks and uncertainties that could cause actual results to differ materially.
All information discussed is as of today, August 7, 2025, and DigitalBridge does not intend and undertakes no duty to update it for future events or circumstances. For more information,
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