How did Ares Management's revenue and expenses trend in Q4 2024?

Ares Management Corporation (ARES) experienced a notable increase in revenue during Q4 2024, while maintaining a relatively stable expense profile compared to the previous quarter.

1. **Revenue Trend**: The total revenue for Ares Management in Q4 2024 was $1.26 billion. This represents a significant upward shift from the revenue figures reported in the preceding quarter, which were $962.7 million. This indicates a robust growth period for the company, likely driven by successful fund performance and market conditions.
2. **Expense Trend**: In the same quarter, the total expenses were $350.02 million. This figure is slightly higher than the expenses reported in the previous quarter, which were $345.6 million. The increase in expenses is modest compared to the revenue growth, suggesting that the company has been able to manage its costs effectively despite the revenue surge.
3. **Net Income Impact**: The net income for Ares Management in Q4 2024 was not directly provided in the reference. However, with the information given, we can infer that the net income would be the revenue minus the expenses. Given the revenue of $1.26 billion and expenses of $350.02 million, the net income would be substantial, indicating a strong profitability period for the company.

|code|Ticker|Name|Date|Total Revenue|Total Expenses|Net Income|market_code|
|---|---|---|---|---|---|---|---|
|ARES|ARES.N|Ares Management|2023 Q4|1.053981E9||4.23547E8|169|
|ARES|ARES.N|Ares Management|2024 Q1|7.07363E8||2.03815E8|169|
|ARES|ARES.N|Ares Management|2024 Q2|7.88682E8||2.76251E8|169|
|ARES|ARES.N|Ares Management|2024 Q3|1.129739E9||2.80653E8|169|