BGC(US:BGC)2025-05-07 12:09Financial Performance Highlights - BGC Group achieved record Q1 revenue of $664.2 million, a 14.8% increase year-over-year[10] - The company reported record Q1 pre-tax adjusted earnings of $160.2 million, up 18.4% year-over-year[10] - Adjusted EPS reached a record $0.29 in Q1, reflecting a 16.0% increase year-over-year[10] - Adjusted EBITDA decreased by 4.1% to $199.8 million[10] - GAAP fully diluted earnings per share increased by 10.0% to $0.11[10] Revenue Breakdown - Rates revenue increased by 14.8% to $200.9 million[17] - ECS (Energy, Commodities, and Shipping) revenue increased significantly by 26.6% to $149.9 million[17] - Foreign Exchange revenue saw a substantial increase of 31.0% to $110.0 million[17] - Credit revenue slightly decreased by 0.7% to $86.9 million[17] - Equities revenue remained relatively flat at $62.9 million, showing a minor increase of 0.1%[17] - Data, Network & Post-trade revenue increased by 5.2% to $32.5 million[17] Geographic Performance - Revenue from the Americas increased by 23.3% to $246.6 million[29] - EMEA revenue increased by 12.2% to $342.0 million[29] - Asia Pacific revenue saw a modest increase of 2.4% to $75.6 million[29] Strategic Acquisitions and Outlook - The acquisition of OTC Global Holdings was completed on April 1, 2025, for $325 million and is expected to be immediately accretive[41, 46] - Q2 2025 revenue is projected to be between $715 million and $765 million, representing a 30% to 39% increase year-over-year[72]