Q3 2025 OTC Markets Group Inc Earnings Call Transcript

Nov 13, 2025 / 01:30 PM GMT

Release Date Price: $54.49 (+2.36%)

Transcript

Key Points

Positve

Gross and net revenues each grew by 15% during the 3rd quarter, marking the third consecutive quarter of double-digit growth.
OTC Link's revenue increased by 23%, driven by a 47% increase in transaction-based revenues.
Market data revenues increased by 15%, with a significant contribution from redistributor-based revenues and direct sold licenses.
The launch of OTCID on July 1st, 2025, resulted in a substantial number of Pink companies upgrading, contributing to a 48% increase in DNS revenues.
A special dividend of $1.75 per share and a quarterly dividend of $0.18 per share were declared, reflecting a commitment to shareholder returns.

Negative

Transaction-based expenses increased by 50%, offsetting some of the revenue gains from OTC Link.
Non-professional user revenues declined by 7% due to a 16% reduction in reported non-professional users.
Operating expenses increased by 8%, driven by higher compensation, professional fees, and IT infrastructure costs.
Trading volumes remain highly unpredictable and could decline in the future, posing a risk to revenue stability.
Some Pink companies may not qualify for OTCID, indicating potential limitations in subscriber growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

OTCM.PK - OTC Markets Group Inc
Q3 2025 OTC Markets Group Inc Earnings Call
Nov 13, 2025 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the OTC Markets Group. 3rd quarter, 2025 earnings, conference call and webcast. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during this session, you will need to press 11 on your telephone. You will then hear an automated message, advise your hand is raised. To withdraw your question, please press 11 again.

Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Dan Zin, general counsel. Please go ahead, sir.

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