Blackstone Inc. (BX) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.337 good day and welcome to the blackstone fourth quarter and full year 2025 investor call 00:00:05.337 -- 00:00:09.943 today's call is being recorded at this time all participants are in a listen only mode 00:00:09.943 -- 00:00:14.388 if you require operator assistance please press star zero if you would like to ask a 00:00:14.388 -- 00:00:19.013 question please signal by pressing star one if you're using a speakerphone please make 00:00:19.013 -- 00:00:23.298 sure your mute function is turned off to allow your signal to reach our equipment at 00:00:23.298 -- 00:00:26.660 this time i'd like to turn the conference over 00:00:37.072 -- 00:00:41.659 John Gray, President and Chief Operating Officer, and Michael Che, Vice Chairman and 00:00:41.659 -- 00:00:46.105 Chief Financial Officer. Earlier this morning, we issued a press release and slide presentation, 00:00:46.105 -- 00:00:51.513 which are available on our website. We expect to file our 10-K report later next month. 00:00:51.513 -- 00:00:54.597 I'd like to remind you that today's call may include forward-looking statements which 00:00:54.597 -- 00:00:57.582 are uncertain and may differ from actual results materially. 00:00:57.582 -- 00:01:00.566 We do not undertake any duty to update these statements. 00:01:00.566 -- 00:01:03.911 For a discussion of some of the factors that could affect results, please see the risk 00:01:03.911 -- 00:01:08.853 factors section of our 10-K. We'll also refer to non-GAAP measures, and you'll find reconciliations 00:01:08.853 -- 00:01:11.977 in the press release on the shareholders page of our website. 00:01:11.977 -- 00:01:16.183 Also note that nothing on this call constitutes an offer to sell or solicitation of an 00:01:16.183 -- 00:01:19.047 offer to ...