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NEW YORK -On Thursday, AllianceBernstein Holding L.P. (NYSE:AB) reported first-quarter results that topped analyst expectations,
The company’s shares were up 1% in premarket trading following the release.
The investment management firm posted adjusted earnings per unit of $0.80, beating the consensus estimate of $0.79. Revenue came in at $1.08 billion, significantly above analysts’ projections of $861.87 million.
AllianceBernstein saw net inflows of $2.4 billion in the quarter, driven by strong demand for its alternative and multi-asset strategies. The firm’s assets under management reached $784.5 billion as of March 31, up 3.4% year-over-year.
"Against a tough market backdrop that intensified into the second quarter, all three of our global distribution channels grew organically, totaling $2.7 billion active net inflows in the first quarter of 2025," said CEO Seth P. Bernstein.
The company’s adjusted operating margin expanded to 33.7%, up 340 basis points from the prior year period. AllianceBernstein declared a quarterly distribution of $0.80 per unit, representing a 9.6% increase from the same quarter last year.
While market uncertainty remains elevated, Bernstein expressed confidence in the firm’s ability to navigate challenges ahead, citing its "extensive investment experience and expertise across various regions and styles."
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