• Loading stock data...
Tuesday, October 14, 2025

Blackstone Reports $2.9B in Income in Q4

  • Blackstone posted $2.9 billion in net income in Q4 2021.
  • The private equity firm has benefited from a series of sports and fitness-related deals.
David-Blitzer-Blackstone
Bill Streicher-USA TODAY Sports/Design: Alex Brooks

Investment giant Blackstone posted $2.9 billion in net income in Q4 2021, compared to $1.8 billion for the same period the year prior, bolstered by a series of sports and fitness-related deals. 

Full-year income reached $12.4 billion for the financial year, up from $2.4 billion in FY2020. 

Blackstone has $313.4 billion of assets under management, more than double year-over-year, and has been building its portfolio with fitness-focused and sports properties. 

  • Last April, it took part in an $80 million raise for startup basketball league Overtime.
  • The firm bought a majority stake in Certified Collectibles Group in June 2021.
  • Last October, the firm agreed to buy a majority stake in apparel maker Spanx at a $1.2 billion valuation. 

“What’s really happening is an expansion of who we serve and where we invest the capital,” Blackstone president Jonathan Gray told the Wall Street Journal. 

Sports and Media Expansion

The New York firm is expanding in the sports and media businesses, which are growing in popularity and have garnered the attention of investors who seek additional avenues of profit. 

David Blitzer, who owns a stake in Crystal Palace FC and is the Global Head of Blackstone’s Tactical Opportunities Group, told Blomberg to expect more sports deals from the firm.

Blackstone will seek investment opportunities in sports associated with media rights and accompanying content. Investing in teams could also be on the horizon.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

RAJ Sports Withdraws Lawsuit Over Trail Blazers Stake

RAJ Sports had sued the Cherng family, owners of Panda Express.

Browns, Cleveland Reach $100M Deal to Clear Team’s Move to Suburbs

The surprise truce includes financial payments and the dismissal of lawsuits.

Penn State Could Owe James Franklin Very Little of Buyout

FOS has reviewed Franklin’s 2021 contract extension.
Sep 5, 2025; Flushing, NY, USA; Carlos Alcaraz of Spain and Novak Djokovic of Serbia embraces after their match in the semifinal of the men’s singles at the US Open at Arthur Ashe Stadium in Billie Jean King National Tennis Center.

Six Kings Slam Returns With Record $6M Prize, Netflix Deal

The Six Kings Slam is held in Riyadh, Saudi Arabia.

Featured Today

Las Vegas Aces center A'ja Wilson (22) celebrates with her teammates after her last second shot to take the lead 90-88 against the Phoenix Mercury in Game 3 of the WNBA Finals at Mortgage Matchup Center in Phoenix on Oct. 8, 2025.
exclusive

Standoff Over WNBA’s Future Has Dominated Finals

CBA negotiations have stolen the spotlight from the Aces’ dominant performance.
Paul Cartier
October 5, 2025

Sports Organists Are Still Thriving in the Era of Raucous Arena Music

“When they walk out and they see a real organ guy, it’s like, ‘Wow.’”
Sep 27, 2025; Milwaukee, Wisconsin, USA; Milwaukee Brewers center fielder Jackson Chourio (11) rounds the bases after hitting a home run during the sixth inning against the Cincinnati Reds at American Family Field.
October 4, 2025

Milwaukee Moneyball: Brewers Are Beating MLB’s Deeper Pockets

Milwaukee is holding its own against big-budget competitors.
Kōloa Rum Company Rum Rusher
September 27, 2025

Panthers Bubbly, Jets Wine, Manning Whiskey: The Sports Booze Boom

A sommelier dives into the sports booze trend—and tries Jets wine.
Jonathan Mariner

Former MLB CFO Jumps to PE, Says Teams Are Undervalued

Mariner worked in Major League Baseball for 24 years.
March 20, 2025

Nike Struggles Continue, but Signs of Turnaround Appear

The embattled company beats tepid expectations in both revenue and earnings.
James Harden
April 24, 2025

Adidas Posts Big Profits in First Quarter Without Yeezy

Profits and sales are up after selling off remaining Yeezys last year.
Sponsored

How Jenny Just Is Shaping the Future of Sports Ownership

Jenny Just on bringing her investment experience to sports ownership.
Oracle Park
March 18, 2025

S.F. Giants Selling Stake to Private Equity to Pay for Facility Upgrades

The team said the cash would not be used to grow payroll.
Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
February 16, 2025

LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports

LVMH is making long-term deals—and they’re not done.
February 14, 2025

DraftKings Turns First Full-Year Profit, Stock Up 47% in 2025

The company’s sports betting business continues to grow despite headwinds.
Billie Jean King
February 13, 2025

Billie Jean King: ‘Billionaires, Not Millionaires’ Are Fueling Women’s Sports Boom

Billie Jean King wants more women involved in team ownership, too.