Miami International Holdings reported record second-quarter results, with net revenue rising 35% year over year to $141 million and adjusted EBITDA jumping 57% to $77 million. Options revenue increased 34% to $124 million on average daily volume of 11 million contracts, though management expects second-half revenue per contract to normalize as market share rebounds. The company lowered its full-year adjusted operating expense outlook to between $260 million and $270 million. MIAX is advancing the rollout of its Bloomberg-branded futures products toward retail distribution, with brokers progressing on connectivity and clearing.
Miami International Holdings, Inc.Record Q2 revenue and EBITDA beat, with lowered expense outlook.
