Tradeweb Q2 Revenue Rises 9% to $558.9 Million as Financial Exchanges Group Beats Estimates

Earnings
โดย Yahoo Finance·US·Read original
Summary · why it matters

Tradeweb Markets reported second-quarter revenues of $558.9 million, up 9% year on year, in line with analysts' expectations, as the ten financial exchanges and data stocks tracked by the report beat consensus revenue estimates by 1.6% as a group. Tradeweb, which was founded in 1996 as one of the pioneers in electronic bond trading, posted a decent beat of analysts' EBITDA estimates, but the market seemed disappointed and the stock is down 5.6% since reporting, currently trading at $102.07. Among peers, Morningstar was the strongest performer with revenues of $663.2 million, up 9.6% year on year and 2.2% above expectations, while S&P Global was the weakest, reporting revenues of $4.15 billion, up 10.4% year on year and 1% above expectations, but posting a significant miss of analysts' EBITDA estimates and full-year EPS guidance slightly missing expectations, with its stock down 7.9% since the results. FactSet reported revenues of $622.9 million, up 6.4% year on year and 1.1% above expectations, and Nasdaq reported revenues of $1.5 billion, up 14.9% year on year and 3% above expectations. Share prices of the companies in the group have held steady, up 3.6% on average since the latest earnings results.

Impact on stocks 5

Financials▲ · 2 stocks
Tradeweb Markets Inc
TW
± MixedCapitalrelevance

Tradeweb's Q2 revenue rose 9% to $558.9M and beat EBITDA estimates, but the market was disappointed and the stock fell 5.6%.

Morningstar Inc
MORN
▲ PositiveCapitalrelevance

Morningstar was the strongest performer with revenue of $663.2M, up 9.6% YoY and 2.2% above expectations.

Cloud & Digital Infrastructure± Mixed · 2 stocks
S&P Global Inc
SPGI
▼ NegativeCapitalrelevance

S&P Global was the weakest, posting a significant EBITDA miss and full-year EPS guidance slightly below expectations, with its stock down 7.9%.

Digital Finance & Tokenization▲ · 1 stocks
Nasdaq Inc
NDAQ
▲ PositiveCapitalrelevance

Nasdaq reported revenue of $1.5B, up 14.9% YoY and 3% above expectations.

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