Overview
* OTC Markets ( OTCM ) 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/Mis Actual Consensu
s s
Estimate
Q3 Beat $30.66 $30.08
Revenue mln mln (1
Analyst)
Q3 Beat $1.06 $0.62 (1
Adjusted Analyst)
EPS
Q3 Net $8.56
Income mln
Q3 $10.61
Income mln
from
Operatio
ns
Q3 34.60%
Operatin
g Margin
Q3 $10.88
Pretax mln
Profit
Press Release:
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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.)