Q421 was another good quarter for OTC Markets Group (OTCM), with revenue up 32% y-o-y to $26.2m and earnings up 58% y-o-y to $9.1m. Revenue was relatively flat on the previous quarters in FY21, but there was an underlying change in the revenue mix as the Corporate Services and Market Data Licensing divisions, which are more resilient in turbulent market conditions, grew to offset OTC Link, which peaked in Q121 in line with the trading volumes on OTCM trading platforms. We expect markets to remai ....
23 Mar 2022
OTC Markets Group - Q421 was another beat, 2022 is more uncertain
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OTC Markets Group - Q421 was another beat, 2022 is more uncertain
- Published:
23 Mar 2022 -
Author:
Pedro Fonseca -
Pages:
15
Q421 was another good quarter for OTC Markets Group (OTCM), with revenue up 32% y-o-y to $26.2m and earnings up 58% y-o-y to $9.1m. Revenue was relatively flat on the previous quarters in FY21, but there was an underlying change in the revenue mix as the Corporate Services and Market Data Licensing divisions, which are more resilient in turbulent market conditions, grew to offset OTC Link, which peaked in Q121 in line with the trading volumes on OTCM trading platforms. We expect markets to remai ....