KKR & Co. reported a significant increase in its third-quarter earnings for 2024, with adjusted net income surging 58% year-over-year, driven by record fee-related income and strong performance in its capital markets unit. The alternative asset manager's total fee-paying assets under management (AUM) rose by 19% to $506 billion. KKR's revenue reached $1.96 billion, reflecting a 33.88% increase compared to the previous year, and exceeded Wall Street estimates by $170 million. Earnings per share (EPS) also saw a notable rise, reaching $1.38, up 56.82% year-over-year, beating estimates by $0.17. The stock has appreciated 157% over the past 12 months, indicating strong investor confidence in the company's performance.