BGC(US:BGC)2023-08-04 02:40Q2 2023 Performance Highlights - BGC Group's revenue increased by 13.2% to $493.1 million compared to $435.8 million in Q2 2022[8] - Adjusted Earnings before noncontrolling interest in subsidiaries and taxes increased by 17.1% to $105.5 million compared to $90.2 million in Q2 2022[8] - Post-tax Adjusted Earnings increased by 18.0% to $100.0 million compared to $84.7 million in Q2 2022[8] - Adjusted EBITDA increased by 18.5% to $135.1 million compared to $113.9 million in Q2 2022[8] - Post-tax Adjusted Earnings per share increased by 17.6% to $0.20 compared to $0.17 in Q2 2022[8] Revenue Growth and Composition - Fenics revenue increased by 14.2% to $125.1 million year-over-year[9] - The Americas experienced significant growth, with revenue up by 21.9%[9] - Total brokerage revenue increased by 11.5% to $443.6 million compared to $397.7 million in Q2 2022[9] - Data, Network & Post-trade revenue increased by 15.4% to $27.0 million compared to $23.4 million in Q2 2022[9] - Other revenue increased significantly by 53.4% to $22.5 million compared to $14.7 million in Q2 2022[9] - Energy & Commodities revenue increased significantly by 48.0% to $98.7 million compared to $66.7 million in Q2 2022[9] Corporate Conversion and Share Count - BGC Group completed its corporate conversion to a Full C-Corporation on July 1, 2023[7, 28] - The corporate conversion reduced the fully diluted weighted-average share count by approximately 21 million shares, or 4%, to 484 million shares[7, 34] FMX and Fenics UST - Fenics Growth Platforms record revenue of $18.1 million, up 46% year-over-year[7] - Fenics UST grew CLOB market share by >200 bps to 23% in Q2 2023[7]