Today: Jun 23, 2024

Nasdaq rocks Q4 profit surge with fintech mastery.

1 min read

Nasdaq has reported a 24.6% increase in fourth-quarter profit, driven by the strong performance of its solutions business. The company, which is expanding beyond trading to become a full-scale data and analytics provider, saw a 32.3% rise in revenue for its solutions business, reaching $860m. This increase was supported by strong revenue growth in its financial technology business, which rose to $399m from $231m the previous year. Nasdaq’s total listings also increased to 28 in the quarter, up from 18 the previous year. The company closed 2023 with notable listings including Arm and Instacart.