Cboe Q2 Net Revenue Up By Double Digits Driven By Strong Growth In Options Business
Portfolio Pulse from Happy Mohamed
Cboe Global Markets has reported a 10% YoY increase in Q2 net revenue, reaching $467.1 million, driven by strong growth in its options business and Data & Access solutions sectors. The options category contributed $283.2 million, marking a 20% boost from Q2 2022. However, the company saw declines in revenues across its North American equities, Europe and Asia Pacific, and futures business segments. The company's future outlook appears promising as it continues to expand its offerings, including the introduction of its 1-day volatility index (VIX1D) and new sweep order types for its European equities exchange.
September 06, 2023 | 1:28 pm
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Cboe Global Markets reported a 10% YoY increase in Q2 net revenue, driven by strong growth in its options business. However, declines were seen in North American equities, Europe and Asia Pacific, and futures business segments. The company's future outlook appears promising as it continues to expand its offerings.
The strong Q2 results, driven by growth in the options business and Data & Access solutions sectors, are likely to have a positive impact on Cboe's stock in the short term. However, the declines in other business segments could temper this positive impact. The company's ongoing expansion of offerings and innovation could also boost investor confidence.
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