Miami International Beats Q2 Estimates, Revenue Jumps 35% to Record
MIAX sits 64% above its 52-week low of $28.63.
Summary
Miami International Holdings delivered a strong Q2, with revenue surging 35% year-over-year to a record $141 million, driven by a 25% jump in options average daily volume and higher non-transaction fees. Adjusted EPS of $0.48 handily beat the $0.42 consensus. The company also lowered its full-year adjusted operating expense guidance to $260-$270 million, signaling improved cost control, while raising share-based compensation expectations. This follows a robust Q1 that included a large asset sale gain, but the Q2 beat is purely operational. The results reinforce the growth narrative in the exchange operator's core options business and its expanding international segment via the TISE acquisition.
At the time of this announcement, MIAX was trading at $47.00 on NYSE in the Finance sector, with a market capitalization of approximately $4.4B. The 52-week trading range was $28.63 to $57.14. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.