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Overview

* Cboe Q3 net revenue rises 14% yr/yr, driven by growth in

derivatives and cash markets

* Record diluted EPS of $2.85, adjusted EPS up 20% yr/yr

* Company to sell Cboe Australia and Canada, and discontinue

U.S.

and European corporate listings

Outlook

* Cboe raises 2025 organic net revenue growth target to low

double-digit to mid-teens

* Company lowers 2025 adjusted operating expense guidance to

$827-$842 mln

* Data Vantage 2025 revenue growth target increased to high

single-digit to low double-digit

Result Drivers

* DERIVATIVES GROWTH - Derivatives net revenue increased 15%

due

to record volumes in the options business

* DATA VANTAGE GROWTH - Data Vantage net revenue grew 12%

yr/yr,

contributing to overall revenue increase

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $1.14

Revenue bln

Q3 $2.67

Adjusted

EPS

Q3 EPS $2.85

Q3 Net $300.80

Income mln

Q3 $409 mln

Adjusted

EBITDA

Q3 67.50%

Adjusted

EBITDA

Margin

Q3 $370.30

Operatin mln

g Income

Q3 61.20%

Operatin

g Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold"

and

the breakdown of recommendations is 4 "strong buy" or "buy", 12

"hold" and 3 "sell" or "strong sell"

* The average consensus recommendation for the financial &

commodity market operators & service providers peer group is

"buy."

* Wall Street's median 12-month price target for CBOE Global

Markets Inc ( CBOE ) is $255.00, about 7.1% above its October 30 closing

price of $236.89

* The stock recently traded at 23 times the next 12-month

earnings

vs. a P/E of 24 three months ago

Press Release:

For questions concerning the data in this report, contact

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contact .

(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.)