Nasdaq Reports 6% Jump in Q3 2022 Revenue


Nasdaq, Inc. (Nasdaq: NDAQ), a major US stock exchange operator, published its financials for the third quarter of 2022, reporting a six percent jump in net revenues compared to the same period a year earlier. The company generated $890 million in revenue for the period.

The company divides its business into two primary sectors. The first, solution segment, brought in revenues of $584 million (up 8% YoY). The second one, market services, earned $305 million (+4% YoY). The company’s total net revenues increased 6% YoY.

“Nasdaq’s strong third-quarter results, and in particular the sustained organic growth against a turbulent capital markets backdrop, are a testament to the effective competitive position of the company today. The new corporate structure announced last month is designed to further advance our strategy, enhance our client focus and better position the organization to capture the dynamic opportunities inherent in our growth pillars,” Adena Friedman, the President and CEO, said.

Stronger Results in Q3 2022

A report published by Nasdaq shows that most major financial indicators posted growth in the third quarter of 2022. Annualized Recurring Revenue (ARR) rose 8% to $1,970 million, while Annualized SaaS revenues gained 13% (accounting for 35% of ARR).

“Our third quarter results reflect the carefully calibrated investments in our largest growth opportunities. With our deep client relationships and our resilient business model, we expect to continue to respond effectively to a wide range of operating environments. We have also positioned the balance sheet to minimize the impact of rising rates and to maintain flexibility to support our growth strategy,” Ann Dennison, the Executive Vice President and CFO, commented.

On net revenues, which amounted to $890 million, $77 million (9%) mirrored organic growth, which included a positive impact from all segments. Along with rising revenues, the GAAP diluted earnings per share (EPS) equally increased, reaching $0.59 (+5%). However, it’s worth noting that when Nasdaq reported its Q3 2021 results, the ratio was significantly higher at $1.69.

The exchange operator recently announced that it was joining the cryptocurrency space. It has launched a digital asset services business, which will initially offer custody solutions. The platform, dubbed Nasdaq Digital Assets, is expected to support the digital asset industry, but the company has no plans to launch a direct trading service in the near future.

Nasdaq, Inc. (Nasdaq: NDAQ), a major US stock exchange operator, published its financials for the third quarter of 2022, reporting a six percent jump in net revenues compared to the same period a year earlier. The company generated $890 million in revenue for the period.

The company divides its business into two primary sectors. The first, solution segment, brought in revenues of $584 million (up 8% YoY). The second one, market services, earned $305 million (+4% YoY). The company’s total net revenues increased 6% YoY.

“Nasdaq’s strong third-quarter results, and in particular the sustained organic growth against a turbulent capital markets backdrop, are a testament to the effective competitive position of the company today. The new corporate structure announced last month is designed to further advance our strategy, enhance our client focus and better position the organization to capture the dynamic opportunities inherent in our growth pillars,” Adena Friedman, the President and CEO, said.

Stronger Results in Q3 2022

A report published by Nasdaq shows that most major financial indicators posted growth in the third quarter of 2022. Annualized Recurring Revenue (ARR) rose 8% to $1,970 million, while Annualized SaaS revenues gained 13% (accounting for 35% of ARR).

“Our third quarter results reflect the carefully calibrated investments in our largest growth opportunities. With our deep client relationships and our resilient business model, we expect to continue to respond effectively to a wide range of operating environments. We have also positioned the balance sheet to minimize the impact of rising rates and to maintain flexibility to support our growth strategy,” Ann Dennison, the Executive Vice President and CFO, commented.

On net revenues, which amounted to $890 million, $77 million (9%) mirrored organic growth, which included a positive impact from all segments. Along with rising revenues, the GAAP diluted earnings per share (EPS) equally increased, reaching $0.59 (+5%). However, it’s worth noting that when Nasdaq reported its Q3 2021 results, the ratio was significantly higher at $1.69.

The exchange operator recently announced that it was joining the cryptocurrency space. It has launched a digital asset services business, which will initially offer custody solutions. The platform, dubbed Nasdaq Digital Assets, is expected to support the digital asset industry, but the company has no plans to launch a direct trading service in the near future.



Source link

Related articles

The best way to know which Mac to purchase — and when to purchase it

In the event you’re available in the market for a brand new Mac (or Apple show), there’s numerous selection forward of you. Possibly you’re considering a light-weight MacBook Air from the choice of...

Bitwise acquires Ethereum staking service Attestant, boosting AUM to $10 billion

Bitwise Asset Administration has acquired Attestant Restricted, an institutional-grade Ethereum (ETH) staking supplier, in a deal that enhances the agency’s whole belongings below administration (AUM) to over $10 billion, in line with a...

Aris Mining Company (ARMN) Q3 2024 Earnings Name Transcript

Aris Mining Company (NYSE:ARMN) Q3 2024 Earnings Convention Name November 13, 2024 9:00 AM ET Firm Contributors Neil Woodyer - Chief Government OfficerRichard Thomas - Chief Working OfficerRichard Orazietti - Chief Monetary OfficerOliver...

Greenback advances close to 7-month peak after US inflation information By Reuters

By Chibuike Oguh NEW YORK (Reuters) - The U.S. greenback superior close to a seven-month excessive towards main currencies on Wednesday after information confirmed U.S. inflation for October elevated in keeping with...

Nostra Terra offers replace on its Texas oil and gasoline manufacturing, operations

Nostra Terra, a world oil and gasoline exploration and manufacturing firm centered on its Pine Mills producing asset in Texas, U.S., has offered a manufacturing and operations replace. Highlights Part 1 workover program full Manufacturing elevated...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com