)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
DigitalBridge Group (DBRG) investor relations material
DigitalBridge Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary30 Oct, 2025
Executive summary
Achieved GAAP net income attributable to common stockholders of $16.8 million ($0.09 per share) in Q3 2025, with distributable earnings of $21.7 million ($0.12 per share), both up significantly year-over-year, driven by organic FRE growth and robust capital formation.
Fee revenue reached $93.5 million, up 22% year-over-year, and fee-related earnings (FRE) grew 43% to $37.3 million, with a 40% FRE margin and margin improvement from prior year.
FEEUM increased 19% year-over-year to $40.7 billion, achieving the 2025 FEEUM target one quarter early, with $1.6 billion in new capital raised in Q3 and $4.1 billion year-to-date.
Record 2.6 GW of data center leasing in Q3, representing one-third of U.S. hyperscale market activity, and $40 billion in new AI infrastructure development contracted, including major developments in Texas and Wisconsin.
Launched a strategic partnership with Franklin Templeton to expand private wealth distribution, targeting a $15 trillion private capital opportunity by 2040 and democratizing access to digital and energy infrastructure investments.
Financial highlights
Fee revenue of $93.5 million (+22% YoY); FRE of $37.3 million (+43% YoY); distributable earnings of $21.7 million (+102% YoY); FRE margin improved to 40% in Q3 2025 from 34% in Q3 2024.
FEEUM reached $40.7 billion, up 19% year-over-year, with available corporate cash at $173 million as of September 30, 2025.
Common dividend of $0.01 per share declared; preferred dividends declared for Series H, I, and J.
Corporate debt at $300 million (3.93% avg. cost) and preferred stock at $822 million (7.1% avg. cost).
Operating cash flow for the first nine months of 2025 was $183.8 million, up from $31.4 million in the prior year.
Outlook and guidance
FEEUM expected to remain stable through year-end as new capital formation and fee realizations offset return of capital to LPs.
Tracking to meet or exceed 2025 guidance on FRE and margins, with new digital energy and stabilized data center strategies launching.
Entering a historically strong Q4 with robust fundraising momentum and focus on expanding private wealth channels.
Timeline for AI campus carry realization?
How does Franklin Templeton alter carry timing?
What drives the Q3 carried interest reversal?
Future value realization from 20GW power bank?
Elaborate on 2026 new product strategies.
Pacing of carried interest realization?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next DigitalBridge Group earnings date
Q4 202520 Feb, 2026
Next DigitalBridge Group earnings date
Q4 202520 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
DigitalBridge Group, Inc. is a U.S.-based investment firm focused on digital infrastructure. The company invests in and manages assets across sectors such as data centers, fiber networks, small cell networks, and wireless towers. DigitalBridge serves a global client base, providing capital and expertise to support the development and operation of critical digital infrastructure that enables cloud computing, mobile connectivity, and internet services. The company is headquartered in Boca Raton, Florida, and its shares are listed on the New York Stock Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage