Group 1: Financial Performance - Bullish reported earnings per share (EPS) of $0.93 in Q2, significantly exceeding the average analyst estimate of $0.03 [1] - The company achieved adjusted revenue of $57 million in Q2, slightly below the estimate of $60.7 million [1] - Bullish expects adjusted Ebitda for Q3 to be between $25 million and $28 million, a substantial increase from $8.1 million in Q2 [3] Group 2: Trading Volume and Market Activity - The trading volume for Bullish surged to $179.6 billion in Q2, up from $133.0 billion in the same quarter last year [2] - For the upcoming quarter, Bullish anticipates trading volume to range between $133.0 billion and $142.0 billion [2] Group 3: Stock Performance and Regulatory Approval - Bullish's stock price increased by 44% from its IPO price of $37, currently trading at $53.54 [3] - The firm secured a BitLicense from the New York State Department of Financial Services, a crucial regulatory approval for expansion in the U.S., leading to a 4.5% increase in post-market trading [4] Group 4: Market Trends - Crypto prices experienced significant growth from April to June, with Bitcoin rising by 30%, making it the best-performing major asset globally [5] - The CoinDesk20 Index, which tracks the broader crypto market, increased by 23% during the same period [5]
Crypto Platform Bullish's Second-Quarter Earnings Beats Wall Street's Estimates
Yahoo Finance·2025-09-17 21:16