In Q2, Bullish achieved earnings per share of 0.93 USD, greatly exceeding analyst expectations of 0.03 USD. However, adjusted revenue of 57 million USD fell short of the projected 60.7 million USD.
Trading volume surged to 179.6 billion USD, up from 133.0 billion USD last year, with Q3 adjusted Ebitda expected between 25 million USD and 28 million USD, a significant rise from 8.1 million USD in Q2.
This report marks the first quarterly announcement since Bullish’s IPO. With its stock currently at 53.54 USD, a 44% increase, the recent acquisition of a U.S. BitLicense is set to enhance market expansion.
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