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OTCM — OTC Markets News Story

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Regulated securities markets operator OTC Markets' Q3 revenue up 15%

Overview

OTC Markets 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

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$30.66 mln$30.08 mln (1 Analyst)
Q3 Adjusted EPSBeat$1.06$0.62 (1 Analyst)
Q3 Net Income$8.56 mln
Q3 Income from Operations$10.61 mln
Q3 Operating Margin34.60%
Q3 Pretax Profit$10.88 mln
Press Release: ID:nGNX4PD054 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (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.)

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