Regulated securities markets operator OTC Markets' Q3 revenue up 15%

Reuters11-13
Regulated securities markets operator <a href="https://laohu8.com/S/OTCM">OTC Markets</a>' Q3 revenue up 15%

Overview

  • OTC Markets Q3 revenue grows 15% yr/yr

  • Adjusted EPS for Q3 rises to $1.06 from $0.89

  • Company announces special dividend of $1.75 per share

Outlook

  • Company did not provide specific guidance for future quarters or the full year

Result Drivers

  • OTC LINK REVENUE - OTC Link revenues increased 23% due to higher trading volumes and increased connectivity revenue

  • MARKET DATA LICENSING - Market Data Licensing revenues grew 15%, driven by price increases and subscriber growth

  • CORPORATE SERVICES - Corporate Services revenues rose 12%, with OTCID launch boosting DNS revenues

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$30.66 mln

$30.08 mln (1 Analyst)

Q3 Adjusted EPS

Beat

$1.06

$0.62 (1 Analyst)

Q3 Net Income

$8.56 mln

Q3 Income from Operations

$10.61 mln

Q3 Operating Margin

34.60%

Q3 Pretax Profit

$10.88 mln

Press Release: ID:nGNX4PD054

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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