Tradeweb reported a 5.8% increase in quarterly revenues, reaching $293.0 million, and a 65.0% increase in net income to $99.0 million. Adjusted net income increased by 17.2% to $116.9 million, with an adjusted EBITDA margin of 52.8%. The company's diluted EPS was $0.42, and adjusted diluted EPS was $0.49. A quarterly cash dividend of $0.09 per share was declared, representing a 12.5% increase.
Quarterly revenues increased by 5.8% to $293.0 million, or 9.3% on a constant currency basis.
Net income for the quarter increased by 65.0% to $99.0 million.
Adjusted EBITDA margin was 52.8%, with adjusted EBITDA reaching $154.7 million.
Diluted EPS was $0.42, and adjusted diluted EPS was $0.49.
Tradeweb provided full-year 2023 guidance, including adjusted expenses, acquisition and Refinitiv transaction-related depreciation and amortization expense, assumed non-GAAP tax rate, and cash costs of capital expenditures and capitalized software development.
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