Robust Financial Growth
DigitalBridge reported fee revenue of $94 million, up 22% year-over-year, and fee-related earnings (FRE) grew 43% to $37 million in the third quarter.
DigitalBridge Group
· DBRG
October 30th, 2025
Summary
- Earnings Call Date:
- 2025-10-30
- Change Since:
- +26.88%
- Next Earnings Date:
- 2026-07-30
Earnings Call Sentiment
PositiveDigitalBridge showcased strong financial growth, significant capital formation, and strategic positioning in the data center and AI infrastructure sectors. The company's partnership with Franklin Templeton and record leasing activities were notable achievements. However, the reversal of carried interest presents a challenge, though it does not overshadow the overall positive developments.
Company Guidance
In DigitalBridge's third quarter 2025 conference call, the company reported significant growth and strategic advancements. Financially, fee revenues increased by 22% year-over-year to $94 million, while fee-related earnings soared by 43% to $37 million. The firm raised $1.6 billion in new capital during the quarter, bringing the year-to-date total to $4.1 billion. Notably, DigitalBridge achieved its $40 billion fee-earning equity under management (FEEUM) target a quarter early, with FEEUM reaching $40.7 billion. The company's power bank strategy was highlighted as a key driver of success, with record data center leasing activity, including the announcement of two mega campuses in Texas and Wisconsin valued at $25 billion and $15 billion, respectively. These developments underscore DigitalBridge's strategic focus on securing power and expanding its data center footprint to support AI infrastructure demand.
Significant Capital Formation
The company raised $1.6 billion in new capital during the quarter, with a year-to-date total of $4.1 billion, aiming to exceed its full-year objectives.
Record Data Center Leasing
DigitalBridge leased a record 2.6 gigawatts across its portfolio, representing one-third of total U.S. hyperscale leasing for the quarter.
Strategic Developments in Data Centers
Vantage Data Centers announced two mega campuses: Frontier in Texas ($25 billion, 1.4 gigawatts) and Lighthouse in Wisconsin ($15 billion, 1 gigawatt) to support AI infrastructure.
Successful Partnership with Franklin Templeton
DigitalBridge launched a private wealth distribution channel partnership with Franklin Templeton, opening access to institutional quality infrastructure investments.
Severin White
Good morning, everyone, and welcome to DigitalBridge's Third Quarter 2025 Conference Call. Speaking on the call today from the company is Marc Ganzi, our CEO; and Tom Mayrhofer, our CFO. I'll quickly cover the safe harbor. Some of the statements that we make 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 on this call is as of today, October 30, 2025, and DigitalBridge does not intend and undertakes no duty to update it for future events or circumstances. For information, please refer to the risk factors discussed in our most recent Form 10-K filed with the SEC for the year ending December 31, 2024, and our Form 10-Q to be filed with the SEC for the quarter ending September 30, 2025. With that, let's get started. I'll turn the call over to Marc Ganzi, our CEO.
Marc?
Marc Ganzi
Thanks, Severin, and welcome, everyone, to our third quarter 2025 business update. We appreciate you joining us on the call and look forward to answering your questions. Let's get to the quarter. This quarter really exemplifies what we've been building towards at DigitalBridge from our near-term financial goals to our longer-term strategic priorities. Let's get started with the key highlights that align with our strategic road map. First, financial performance. DigitalBridge delivered another quarter of robust growth with fee revenues reaching $94 million, up 22% year-over-year. Our fee-related earnings grew 43% to $37 milli...
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