BlackRock's third-quarter results were higher than expected across the board: adjusted earnings per share of $15.93, higher than expectations of $14.30, exceeding expectations of 11.4%; revenue of US$7.75 billion, higher than expectations of US$7.43 billion, exceeding expectations of 4.3%. GAAP earnings per share were $10.57, up from $8.43 in the same period last year; net profit of $1.66 billion, up 25.7% year over year; adjusted operating income of $3.33 billion, and adjusted operating margin of 47.8%. In terms of assets and capital flows, the scale of assets under management reached US$15.49 trillion, an increase of 15% over the previous year; net inflows of US$205.47 billion; and organic basic expenses increased by 10%. Strategic highlights include: the private equity market raised $68 billion in the past 12 months, and AI infrastructure deployed its first investment this quarter.

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