BUZZ-DigitalBridge jumps after Q4 profit beats expectations
** Shares of alternative asset manager DigitalBridge DBRG.N jump as much as 14.1%; last up 11.8% at $12.02
** DBRG posts fourth-quarter distributable earnings of 11 cents per share, beating Wall Street expectations of 7 cents per share, according to estimates compiled by LSEG
** Fourth-quarter fee-related earnings jumped 34% to $35.4 million, driven by higher fee revenue
** Company delivered record fundraising of $9 billion in 2024, including $4.8 billion in the fourth quarter, largely driven by its co-invest fund to fuel AI and data center growth
** DBRG invests in digital infrastructure, including cell towers, data centers, fiber and small cells
** Assets under management were $96 billion as of 2024 end, compared with $80 billion a year earlier
** As of last close, DBRG stock down 4.7% YTD
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