Pritam Biswas and Laura Matthews
(Reuters) -Nasdaq reported on Wednesday that the demand for financial technology products of exchange operators has increased, which helps more and more, and these products have not reached the expectations of some analysts.
The company has been expanding its core activities for market sensitive transactions and listing activities to help financial institutions lead to compliance requirements and protect financial crimes.
The revenue of Nasdaq's financial technology business increased by nearly 9.8 % in the fourth quarter. However, according to data collected by LSEG, the US $ 438 million income of the financial technology department almost lost the estimated estimated $ 4412 million in analysts.
The company's stock rose by 33 % in 2024, continued to fall at $ 80.91.
Analysts say that the income of financial technology income is weighing the stock price.
OPPENHEIMER & Co. "The growth of fintech is actually lower than the expectations of the quarter.
Nasdaq CEO Adine Friedman told analysts that the company has a good attitude and can succeed last year with long -lasting revenue growth in 2025 because the economic background is reliable Essence
This is because Friedman and American consumer expenditure and the unemployment rate of supporting GDP growth are relatively low, indicating that inflation and interest rates are stabilizing in a predictable state, making investors feel more about deployment capital. confidence.
She added: "Overall, it is expected that the global economy will grow with the help of the power (including South Asia) in the United States and other parts of the world." "These factors will help create a positive business environment for one year."
It is hoped that in the US economy, a strong stock market, and the expectations of transactions and product -friendly regulatory environments under the Trump administration, they have gained a soft hope, and the new life is brought into the US IPO market during the reporting quarter.
As of December 31, 2024, the total listed company in the Nasdaq's stock market increased by only 0.7 % to 4,075. This ratio increased by 1.6 %, increasing the company's data and listing service revenue by 1.6 %.
Software company ServiceTitan and Chinese autonomous vehicle company Weride listed some of their well -known people in Nasdaq in the October to December quarter.
Friedman said: "After several years of IPO activities, we hope that more companies began to absorb the public market in the second quarter of 2025. This is a strong year."
As of the fourth quarter of December 31, the net profit of Nasdaq was $ 438 million, that is, 76 cents per share, and the annual net profit was 395 million US dollars, or per share a year ago 72 cents. According to the estimation of LSEG, analysts' expectations for 75 cents.
The company's net income reported at $ 1.23 billion, higher than $ 1.12 billion. (In paragraph 2, the story has been corrected, not only traders, not only traders, but also extensive product use)
(Pritam Biswas reported in Bangalore and Laura Matthews in New York; editors of Shounak Dasgupta)