Lazard Reports Fourth-Quarter And Full-Year 2024 Results

NEW YORK, January 30, 2025 – Lazard, Inc. (NYSE: LAZ) today reported net revenue of $817 million and adjusted net revenue¹ of $812 million for the quarter ended December 31, 2024. For the full year of 2024, Lazard reported net revenue of $3,052 million and adjusted net revenue¹ of $2,890 million.

On a U.S. GAAP basis, Lazard reported fourth-quarter 2024 net income of $86 million or $0.80 per share, diluted. For the full year of 2024, net income was $280 million or $2.68 per share, diluted. For the fourth quarter of 2024, adjusted net income¹ was $85 million or $0.78 per share, diluted. For the full year of 2024, adjusted net income¹ was $244 million or $2.34 per share, diluted.

“2024 demonstrated Lazard’s inflection towards growth, as business conditions improve and the momentum of our long-term strategy delivers strong results,” said Peter R. Orszag, CEO and Chairman. “In Financial Advisory, we captured market share while increasing revenue by 28 percent during the year. Our Asset Management revenue remained resilient, up 3 percent from the prior year, and we continue to make enhancements in the business. We anticipate an even more constructive environment for both of our businesses in 2025, as we remain focused on helping our clients successfully navigate complex business and investment decisions.”

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