Q4 2024 MSCI Inc Earnings Call Transcript
Key Points
- MSCI Inc (MSCI) achieved organic revenue growth of almost 10% for the full year 2024.
- The company reported adjusted earnings per share growth of 12.4% and free cash flow growth of 21%.
- MSCI Inc (MSCI) repurchased $810 million worth of shares in 2024, demonstrating a shareholder-centric capital allocation policy.
- The company saw strong growth in its asset-based fee run rate, driven by higher average AUM and significant cash inflows into equity ETFs linked to MSCI indices.
- MSCI Inc (MSCI) achieved a retention rate of 93% in the fourth quarter, indicating strong client loyalty.
- Active asset managers continue to face cyclical pressures, impacting MSCI Inc (MSCI)'s growth in this segment.
- The company experienced some FX headwinds, which affected its reported subscription run rate growth.
- There were elevated cancels in areas like real assets, impacting retention rates.
- The revenue growth in the Analytics segment was slightly below run rate growth due to timing of implementation-related revenues.
- MSCI Inc (MSCI) faces lingering pressures on active managers, particularly in Europe, which could impact future growth.
Good day, ladies and gentlemen, and welcome to the MSCI Fourth Quarter 2024 Earnings Conference Call. As a reminder, this call is being recorded. (Operator Instructions)
I would now like to turn the call over to Jeremy Ulan, Head of Investor Relations and Treasurer. You may begin.
Thank you. Good day, and welcome to the MSCI Fourth Quarter 2024 Earnings Conference Call. Earlier this morning, we issued a press release announcing our results for the fourth quarter 2024. This press release, along with an earnings presentation and brief quarterly update are available on our website, msci.com, under the Investor Relations tab.
Let me remind you that this call contains forward-looking statements, which are governed by the language on the second slide of today's presentation. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made, are based on current expectations and current economic conditions and are
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