Overview

* Siebert Q3 revenue grows 19% yr/yr to $26.8 mln

* Operating income falls 54.8% due to investments in new business lines

* Company renews clearing relationship with National Financial Services for five years

Outlook

* Siebert Financial ( SIEB ) renews clearing relationship with NFS for five years

* Company launches Digital Assets Research for crypto and blockchain coverage

* Siebert debuts 'Generation Wealth' campaign to engage Gen Z

Result Drivers

* STOCK BORROW/LOAN - Increased by 73.7% to $10.0 mln, contributing to revenue growth

* ADVISORY FEES - Grew by 32.1% to $0.8 mln, supporting revenue increase

* INVESTMENTS IN NEW BUSINESS - Operating income fell due to investments in new business lines like Siebert Pro and Gebbia Media

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $26.80

Revenue mln

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.)