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Bullish Swings to $18.5M Q3 Profit as Options Volume Tops $1 Billion
Yahoo Finance·2025-11-20 03:04

Bullish reported net income of 18.5millionforthethirdquarteronNov.19,swingingtoprofitabilityfromalossintheprioryearastheexchangeexpandeditsproductlinestoincludeUSspottradingandcryptooptions.Thecompanygenerated18.5 million for the third quarter on Nov. 19, swinging to profitability from a loss in the prior year as the exchange expanded its product lines to include US spot trading and crypto options. The company generated 76.5 million in adjusted revenue for the period ending Sept. 30. This compares to 44.6millionreportedinQ32024,accordingtotheearningsannouncement.AdjustedEBITDAroseto44.6 million reported in Q3 2024, according to the earnings announcement. Adjusted EBITDA rose to 28.6 million from $7.7 million in the prior-year period. Spot Trading and Opti ...