同花顺10月22日公告，2025年第三季度实现营业收入14.81亿元，同比增长56.72%；归属于上市公司股 东的净利润7.04亿元，同比增长144.50%；基本每股收益1.31元。前三季度实现营业收入32.61亿元，同 比增长39.67%；归属于上市公司股东的净利润12.06亿元，同比增长85.29%；基本每股收益2.24元。 ...

Core Insights - MercadoLibre, Inc. (NASDAQ:MELI) is recognized as one of the best revenue growth stocks to invest in, with a recent price target adjustment from $3,000 to $2,800 by Mizuho Securities [1] - Morgan Stanley analyst Andrew R. Ruben maintains a Buy rating with a price target of $2,850, highlighting strong growth potential in the Brazilian market driven by strategic initiatives like an expanded free shipping policy [2] Company Overview - MercadoLibre, Inc. is a leading fintech and e-commerce company based in Argentina, offering various services through platforms such as Mercado Libre Marketplace, Mercado Pago, and Mercado Envios [3]

Core Viewpoint - Remitly Global, Inc. will report its third quarter financial results on November 5, 2025, and will host a conference call to discuss these results with financial analysts [1][2]. Group 1: Financial Results Announcement - The third quarter financial results will be reported after market close on November 5, 2025 [1]. - A conference call and live webcast will take place at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day [1][2]. - Registration is required to access the conference call, and participants are advised to register at least 10 minutes before the call starts [2]. Group 2: Webcast and Replay Information - A live webcast and replay of the conference call will be available on the Investor Relations section of Remitly's website [3]. - The company recommends listening via the webcast for those not planning to ask questions [3]. Group 3: Company Overview - Remitly is a provider of digital financial services operating in over 170 countries [4]. - The company focuses on cross-border payments, offering a fast, reliable, and transparent money movement experience [4]. - Remitly is expanding its product suite to enhance its vision and impact lives globally [4].

Core Insights - Nasdaq, Inc. (NDAQ) reported an adjusted +11% YoY increase in Q3 net revenue and a +19% YoY net earnings per share gain, indicating strong financial performance [1] - The stock price of NDAQ is currently at $91.70, reflecting a rise of over 3% after a recent low of $86.73, but remains below its mid-$90s highs from August [1][3] - Analysts suggest that if the current earnings and cash flow trends continue, NDAQ stock could be undervalued and worth up to $100 per share [1][3] Revenue and Cash Flow Analysis - Nasdaq's revenue is primarily derived from SaaS services for capital markets, with a significant portion being recurring revenue [4] - The annualized recurring revenue (ARR) is reported at over $3 billion, which is a 10% increase from the previous year, representing 59% of the projected $5.19 billion net revenue for 2025 [4] - The gross revenue for the trailing 12 months is approximately $8.168 billion, with recurring revenue accounting for about 36.7% [4] Operating Cash Flow Insights - Nasdaq's operating cash flow (OCF) has exceeded $2 billion over the trailing 12 months, which is 38.5% of the net revenue forecasts for this year [5] - Projections indicate that if OCF reaches 39% of the anticipated $5.57 billion revenue for 2026, it could result in approximately $2.1723 billion in operating cash flow [5] - The current OCF yield for NDAQ stock, based on a market capitalization of $52.52 billion, is calculated at 3.8% [6]

Core Insights - Alkami Technology, Inc. is hosting a webinar titled "Hocus Focus: Sharpen Your Marketing with Data That Works," aimed at helping financial marketers leverage data for actionable insights and measurable results [1][2]. Company Overview - Alkami Technology provides a digital sales and service platform for U.S. banks and credit unions, integrating onboarding, digital banking, and data and marketing solutions [3][4]. - The company has been recognized by J.D. Power for providing an "Outstanding Mobile Banking Platform Experience" in 2024 and 2025 [3][4]. Webinar Details - The webinar will feature panelists from Thomaston Savings Bank and Colony Bank, discussing how financial institutions can utilize data to enhance personalization and marketing strategies [2][3]. - Key speakers include Ethan O'Day, Jeff Wright, and Kent Blacksher, who emphasize the importance of data in transforming marketing efforts and improving customer engagement [5]. Marketing Strategy - The discussion will focus on practical methods for financial institutions to optimize resources and create campaigns that resonate with account holders [2]. - Alkami's Data & Marketing Solution is designed to help institutions implement anticipatory banking through personalized, data-driven engagement [2][3].

Financial Data and Key Metrics Changes - Nasdaq reported net revenue of $1.3 billion, an 11% year-over-year increase, with operating income rising 16% to $732 million and diluted EPS growing 19% [6][24] - Annualized recurring revenue (ARR) grew 9% to $3 billion, marking a significant milestone [6][25] - Operating expenses were $583 million, up 5% year-over-year, leading to an operating margin of 56% and EBITDA margin of 58%, both up 2 percentage points from the previous year [24][33] Business Line Data and Key Metrics Changes - Capital Access Platforms generated revenue of $546 million, up 8%, with ARR growth of 6% [25][31] - Financial Technology delivered revenue of $457 million, up 13%, with ARR growth of 12% [28][29] - Market Services achieved net revenue of $303 million, reflecting a 13% growth driven by elevated market volumes [32] Market Data and Key Metrics Changes - Nasdaq welcomed operating companies that raised $6 billion in proceeds during the quarter, with over $14 billion raised year-to-date [10] - The index franchise recorded $91 billion in net inflows over the last 12 months, including $17 billion in the third quarter [12][26] - Nasdaq-listed securities represented 53% of total industry volume, up from 49% a year ago, indicating strong market presence [18] Company Strategy and Development Direction - Nasdaq is focused on integrating technology and AI into its solutions, enhancing client engagement and operational efficiency [9][20] - The company aims to leverage its existing trading infrastructure to enable tokenized securities trading, reflecting a commitment to innovation in the digital asset space [20][40] - Nasdaq's strategic priorities include integrating, innovating, and accelerating growth across its diversified business segments [19][23] Management's Comments on Operating Environment and Future Outlook - The U.S. economy remains resilient, with mixed economic signals, but overall consumer spending has picked up [8] - Nasdaq anticipates a meaningful pickup in IPO activity in the coming quarters, supported by a robust IPO pipeline [10][11] - Management expressed confidence in achieving strategic objectives and delivering sustainable growth despite a dynamic operating environment [36] Other Important Information - Nasdaq's gross leverage ratio improved to 3.1 times, with a commitment to deleveraging and maintaining strong cash flow [34][36] - The company has surpassed its net expense efficiency target, achieving over $150 million in cost reductions [33] Q&A Session Summary Question: Digital assets and growth opportunities - Management highlighted Nasdaq's involvement in the digital assets ecosystem, emphasizing the relevance of financial technology solutions as institutional interest in digital assets grows [39][40] Question: Tokenization initiative details - The tokenization proposal aims to allow investors to settle shares in a tokenized form, with ongoing collaboration with DTCC to develop settlement paths [43][45] Question: Operating expenses and future spending - Management indicated that ongoing investments are embedded in the guidance for the year, with a consistent trajectory expected [52][53] Question: Financial crime management business performance - Management acknowledged variability in ARR growth due to implementation phases for new enterprise clients but expressed confidence in future growth [58][59] Question: Capital markets technology momentum - Strong demand for connectivity services and robust client engagement were noted as key drivers of growth in capital markets technology [64] Question: AI's impact on revenue and expenses - Management sees AI as an opportunity to drive efficiency and enhance client experiences, with a focus on product development and automation [66][70] Question: BioCatch partnership and Verafin's platform potential - Management views Verafin as a platform with the ability to integrate modern APIs, enhancing its capabilities in the anti-financial crime space [79]

Financial Data and Key Metrics Changes - Nasdaq reported net revenue of $1.3 billion, an 11% year-over-year increase, with operating income rising 16% to $732 million and diluted EPS growing 19% to $0.88 [4][22][34] - Annualized recurring revenue (ARR) grew 9% to $3 billion, marking a significant milestone for the company [4][23] - Operating expenses were $583 million, up 5% year-over-year, leading to an operating margin of 56% and EBITDA margin of 58%, both up 2 percentage points from the previous year [22][32] Business Line Data and Key Metrics Changes - Capital Access Platforms generated revenue of $546 million, up 8%, with ARR growth of 6% [22][24] - Financial Technology revenue reached $457 million, up 13%, with ARR growth of 12% [22][26] - Market Services net revenue was $303 million, reflecting a 13% growth driven by elevated market volumes [30] Market Data and Key Metrics Changes - Nasdaq welcomed operating companies that raised $6 billion in proceeds during the quarter, with over $14 billion raised year-to-date [7] - The index franchise achieved record net inflows of $91 billion over the last 12 months, including $17 billion in the third quarter [9][24] - Nasdaq-listed securities represented 53% of total industry volume, up from 49% a year ago, indicating strong market presence [14] Company Strategy and Development Direction - Nasdaq is focused on integrating technology and data to enhance client services, particularly through AI-enabled solutions [5][6] - The company aims to deepen its competitive advantage by driving innovation across the financial industry [5][6] - Nasdaq's strategic priorities include integrating, innovating, and accelerating growth, with a focus on cross-selling and expanding its technology platform [15][20] Management's Comments on Operating Environment and Future Outlook - The U.S. economy remains resilient, with mixed economic signals, but overall consumer spending has picked up [5] - Nasdaq anticipates a meaningful pickup in IPO activity in the coming quarters, supported by a robust IPO pipeline [7][8] - Management expressed confidence in achieving strategic objectives and delivering sustainable growth despite a dynamic operating environment [34] Other Important Information - Nasdaq completed the sale of Nasdaq Solovis to Insight Partners, which was deemed not a strategic fit within its portfolio [11] - The company has surpassed its net expense efficiency target, achieving over $150 million in cost reductions [32] - Nasdaq's senior unsecured debt rating was upgraded from BBB to BBB+ by S&P, reflecting progress in deleveraging [15] Q&A Session Summary Question: Digital assets and growth opportunities - Management highlighted Nasdaq's long-standing involvement in the digital assets ecosystem and the relevance of its financial technology solutions as institutional interest in digital assets grows [36] Question: Tokenization proposal details - The tokenization initiative involves allowing investors to flag orders for tokenized securities, with two settlement paths being developed in collaboration with DTCC [39][40] Question: 2026 outlook and operating expenses - Management indicated a consistent trajectory in revenue growth, with ongoing investments embedded in the guidance for the full year [48][49] Question: Financial crime management business performance - The anti-financial crime business is experiencing variability in ARR growth due to the implementation of solutions for new enterprise clients [51][53] Question: Capital markets technology momentum - Strong demand for connectivity services and robust client engagement are driving growth in the Capital Markets Technology segment [55][59] Question: AI's impact on revenue and expenses - Management views AI as an opportunity to drive efficiency and enhance client experiences, with significant potential for revenue growth [60][62]

Financial Data and Key Metrics Changes - Nasdaq reported net revenue of $1.3 billion, an 11% year-over-year increase, with solutions revenue exceeding $1 billion for the first time, reflecting a 10% growth [6][31] - Annualized recurring revenue (ARR) grew 9% to $3 billion, with operating income increasing by 16% to $732 million and diluted EPS growing by 19% [7][32] - Operating expenses were $583 million, up 5% year-over-year, leading to an operating margin of 56% and EBITDA margin of 58%, both up two percentage points from the prior year [32][42] Business Line Data and Key Metrics Changes - Capital Access Platforms generated 8% revenue growth and 6% ARR growth, with Data and Listings revenue up 6% and Index revenue up 13% [10][33] - Financial Technology delivered 13% revenue growth and 12% ARR growth, with Financial Crime Management Technology revenue growing 22% and Regulatory Technology revenue up 9% [17][36] - Market Services achieved 13% net revenue growth, driven by elevated volumes in U.S. Options and U.S. Equities [21][40] Market Data and Key Metrics Changes - Nasdaq's listed securities represented 53% of total industry volume, up from 49% a year ago, indicating strong market position [24] - The U.S. economy remains resilient, with solid consumer spending and corporate investment in technology and AI contributing to growth [8][9] - European growth remains subdued, but expectations for recovery and renewed investments are improving the outlook [9] Company Strategy and Development Direction - Nasdaq is focused on integrating, innovating, and accelerating its technology platform, with a strong emphasis on AI and digital assets [25][29] - The company aims to enhance its competitive position through AI-enabled solutions and partnerships, particularly in financial crime management and regulatory technology [27][90] - Nasdaq's strategy includes expanding its digital asset offerings and exploring tokenization of securities to enhance market efficiency [50][56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in Nasdaq's ability to deliver sustainable growth and long-term shareholder value, despite mixed economic signals [8][30] - The company anticipates a meaningful pickup in IPO activity, supported by a robust IPO pipeline and favorable market conditions [12][30] - Management highlighted the importance of understanding the regulatory landscape for digital assets and the potential for growth in this area [52] Other Important Information - Nasdaq completed the sale of Nasdaq Solovus to Insight Partners, indicating a strategic focus on core business areas [17] - The company achieved a gross leverage ratio of 3.1 times at quarter end, with an upgrade in its senior unsecured debt rating from BBB to BBB+ [24][44] - Nasdaq generated free cash flow of $516 million in the third quarter, supporting dividends, deleveraging, and share repurchases [43][44] Q&A Session Summary Question: Digital assets and growth opportunities - Management discussed Nasdaq's involvement in the digital assets ecosystem and the relevance of its FinTech solutions as institutional interest in digital assets grows [48][50] Question: Tokenization proposal details - Management provided a high-level overview of the tokenization filing, explaining how investors could flag orders for tokenized settlements [54][56] Question: 2026 outlook and OpEx growth - Management indicated that ongoing investments are embedded in the guidance for the year, with a consistent trajectory expected [62][68] Question: Financial Crime Management Technology performance - Management noted robust sales in the SMB space and highlighted the potential for growth through partnerships and new AI capabilities [70][72] Question: Capital Markets Technology momentum - Management reported strong demand for connectivity services and data center growth, indicating a healthy environment for the business [78][80] Question: AI's impact on revenue synergy targets - Management confirmed that AI solutions are expected to accelerate revenue synergy targets, with a strong pipeline of cross-sell opportunities [92][94]

Core Insights - Trinity Capital Inc. has committed $15 million in growth capital to Kard Financial, Inc., a commerce media network focused on enhancing engagement and loyalty for fintechs and financial institutions through merchant-specific rewards [1][3]. Company Overview - Trinity Capital Inc. is an alternative asset manager that aims to provide consistent returns through private credit markets, having deployed over $4.7 billion across more than 420 investments since its inception in 2008 [4]. - Kard Financial operates a flexible, API-first platform that allows financial institutions and fintechs to create customized rewards ecosystems, reaching tens of millions of consumers and processing over $10 billion in transactions monthly [2][5]. Strategic Importance - The partnership with Kard is expected to modernize loyalty programs and enhance accessibility within the rewards ecosystem, facilitating growth and market expansion for Kard [3]. - Kard's use of first-party transaction data and AI-driven insights enables the creation of personalized rewards that foster loyalty and drive customer engagement for both financial institutions and merchants [2][5].

Core Insights - Abaxx Technologies Inc. has reported continued growth and trading activity in its LNG Futures contracts, specifically in the Gulf of Mexico (GOM FOB) and North Pacific-Asia (NPA DAP) markets [1][2][3] Trading Activity - Trading volume for NPA DAP Futures reached 690 lots in the week ending October 17, 2025, while GOM FOB Futures increased to 2,394 lots [2] - Total LNG trading volume rose over 80% from August to September, with ongoing growth in October [2] Total Trading Volume - Since launch, total trading volume across GOM FOB and NPA DAP LNG Futures has reached 14,042 lots, equivalent to approximately 140,420,000 MMBtu or $1.6 billion USD in notional value, representing around 40 LNG cargoes [3] Market Infrastructure - Abaxx's LNG contracts provide regional price signals for terminals that account for over 80% of global LNG import capacity, offering reliable forward curves aligned with actual physical trade flows [3][4] - The contracts are designed to help commercial participants manage regional price exposure and improve price discovery across their LNG supply chains [4] Contract Specifications - All contracts are USD-denominated, 10,000 MMBtu futures, with GOM Futures listed on an FOB basis and NPA and NWE contracts listed on a DAP basis [5] Company Overview - Abaxx Technologies aims to create smarter markets through better tools and technology, addressing challenges such as the energy transition [6][8] - The company is the majority shareholder of Abaxx Singapore Pte. Ltd., which owns Abaxx Exchange and Abaxx Clearing, and operates Abaxx Spot [7]