Bullish shares jump 10% as Q2 adjusted EBITDA more than triples

cointelegraphPubblicato 2026-08-13Pubblicato ultima volta 2026-08-13

Introduzione

Bullish shares surged about 13% on Thursday following the crypto exchange's Q2 earnings report. Adjusted revenue grew 62% year-over-year to $92.6 million, while adjusted EBITDA more than tripled to $29.5 million. The company swung to an adjusted net income of $14.3 million. A record $62.7 million in subscription and services revenue helped offset a decline in exchange trading volume, which fell to $179.6 billion for the quarter. Bullish also received regulatory approval in Gibraltar to expand into tokenized securities trading and raised its full-year revenue guidance. Despite a recent rebound, the stock remains significantly below its post-listing highs.

Bullish shares jumped around 13% in early trading Thursday after the institutional-focused crypto exchange and CoinDesk owner reported a 62% year-over-year increase in second-quarter adjusted revenue and more than tripled its adjusted EBITDA.

Bullish reported $92.6 million in adjusted revenue for the quarter, up from $57 million a year earlier, while adjusted EBITDA rose to $29.5 million from $8.1 million. Adjusted net income reached $14.3 million, reversing a $6 million loss in the year-ago quarter.

Subscription, services and other revenue hit a record $62.7 million, helping offset weaker exchange activity. The company recorded $179.6 billion in quarterly trading volume, down from $197.4 billion a year earlier, while average daily volume fell to $2 billion from $2.2 billion.

The NYSE-traded BLSH shares were up more than 10% on Thursday morning. Source: Yahoo Finance.

The company also received approval from the Gibraltar Financial Services Commission to offer secondary trading in issuer-sponsored tokenized securities, expanding its push into regulated onchain markets.

Bullish lifted its full-year guidance, forecasting $225 million to $245 million in subscription, services and other revenue, citing its first-half performance and improved visibility.

Thursday’s rally extends a recent rebound for Bullish shares, which have gained around 20% over the past month. The stock, however, remains about 70% below its post-listing highs last year, according to Yahoo Finance data.

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Domande pertinenti

QWhat was the percentage increase in Bullish shares during early trading on Thursday?

ABullish shares jumped around 13% in early trading on Thursday.

QBy how much did Bullish's Q2 adjusted EBITDA increase compared to the previous year?

ABullish's adjusted EBITDA more than tripled, rising to $29.5 million from $8.1 million a year earlier.

QWhat was the amount of Bullish's Q2 adjusted revenue and how did it compare year-over-year?

ABullish reported $92.6 million in adjusted revenue for Q2, representing a 62% year-over-year increase from $57 million.

QWhat new regulatory approval did Bullish receive and from which authority?

ABullish received approval from the Gibraltar Financial Services Commission to offer secondary trading in issuer-sponsored tokenized securities.

QHow has Bullish performed over the past month and what is its status relative to post-listing highs?

ABullish shares have gained around 20% over the past month, but the stock remains about 70% below its post-listing highs from last year.

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