AMG Earnings: Solid Start to 2025, but Tariff-Induced Uncertainty Will Weigh on Full-Year Results

AMG ended March 2025 with $712 billion in long-term assets under management, or AUM. The firm, however, reported a 0.7% decline in revenue, with adjusted EBITDA margins declining 600 basis points year over year to 46.0%. owing primarily to lower performance fees.