Nasdaq reports drop in revenues in Q3 results
25 October 2018 London
Image: Shutterstock
Nasdaq stated its net revenues stood at $600 million, down $3 million from the same period a year earlier in its recently released Q3 results.
The drop included a positive $28 million, or 5 percent, impact from organic growth, and a positive $22 million impact from the inclusion of revenues from the acquisition of eVestment.
These were offset by a $46 million negative impact from the divestiture of the public relations solutions and digital media services businesses and a $7 million unfavourable impact from changes in foreign exchange rates.
Said Adena Friedman, president and CEO of Nasdaq, commented: “Q3 revenue exhibited solid organic revenue growth across our franchise, in-line with our longer-term outlook.”
He added: “The continued strong growth in market technology, index and analytics, which are areas where we’ve shifted more of our resources, enhances our confidence in our new strategic direction.”
"As we look forward, we remain focused in the near term on the early implementation of our strategic realignment to maximise opportunities as a technology and analytics provider, while ensuring we continue to achieve the highest possible effectiveness in our foundational marketplace businesses."
The drop included a positive $28 million, or 5 percent, impact from organic growth, and a positive $22 million impact from the inclusion of revenues from the acquisition of eVestment.
These were offset by a $46 million negative impact from the divestiture of the public relations solutions and digital media services businesses and a $7 million unfavourable impact from changes in foreign exchange rates.
Said Adena Friedman, president and CEO of Nasdaq, commented: “Q3 revenue exhibited solid organic revenue growth across our franchise, in-line with our longer-term outlook.”
He added: “The continued strong growth in market technology, index and analytics, which are areas where we’ve shifted more of our resources, enhances our confidence in our new strategic direction.”
"As we look forward, we remain focused in the near term on the early implementation of our strategic realignment to maximise opportunities as a technology and analytics provider, while ensuring we continue to achieve the highest possible effectiveness in our foundational marketplace businesses."
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