Apollo Global beats Q3 forecasts with 20% rise in profit from lending surge

Apollo Global Management exceeded Wall Street expectations with a 20% increase in Q3 profits, driven by higher asset management fees and expanding private credit activity. The firm’s total revenue rose sharply amid growing institutional demand for alternative investments. Executives cited rising interest rate spreads and strategic fund launches as key profit drivers. The strong quarterly showing highlights resilience in alternative asset management despite volatile global markets. Apollo reaffirmed its full-year outlook, signaling confidence in sustained fee growth and lending opportunities across structured credit and infrastructure segments.