earnings
confidence high
sentiment positive
materiality 0.90
Cboe Global Markets Reports Q2 2022 Results: Adjusted EPS Rises 21%, Net Revenue Up 21%
Cboe Global Markets, Inc.
2022-Q2 EPS reported
-$0.70
revenue$1,960,300,000
- GAAP diluted EPS of $(1.74) due to $500.9M goodwill impairment in Digital segment from ErisX acquisition.
- Adjusted diluted EPS rose 21% to $1.67; adjusted net revenue increased 21% to $424.1M.
- Raised 2022 organic net revenue growth guidance to 9-11% from 5-7%; Data & Access Solutions guidance raised to 10-13%.
- Options segment net revenue up 32% to $235.3M, driven by 46% increase in Index options volumes.
- Completed acquisitions of ErisX (May 2, 2022) and NEO; recorded $220M impairment reflecting digital asset market decline.