Report

OTC Markets Group - A further estimate upgrade

OTC Markets Group (OTCM) announced third quarter results with revenue and profit ahead of our expectation, as in Q220. This resulted from strong transaction volumes at OTC Link and higher user numbers and price increases for Market Data Licensing. The diversity of the group’s income was evident as Corporate Services was flat year-on-year, although here a step up in client additions is encouraging for the future. Pandemic-related and political uncertainties may be less acute now, but, in any event, OTCM maintains its long-term focus on developing its cost-effective, efficient markets.
Underlying
OTC Markets Group Cl A

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Pedro Fonseca

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