Bullish Stock Soars 10% Following More Than Threefold Increase in Adjusted EBITDA in Q2

cryptonews.ru2026-08-13 tarihinde yayınlandı2026-08-13 tarihinde güncellendi

Özet

Shares of Bullish surged about 13% in early trading Thursday after the institutional-focused crypto exchange and owner of CoinDesk reported a 62% year-over-year rise in Q2 adjusted revenue and a more than threefold increase in adjusted EBITDA. Adjusted revenue reached $92.6 million, up from $57 million a year earlier. Adjusted EBITDA jumped to $29.5 million from $8.1 million, and adjusted net income was $14.3 million, a swing from a $6 million loss in the prior-year quarter. Subscription, service, and other revenue hit a record $62.7 million, helping offset lower exchange activity. Quarterly trading volume was $179.6 billion, down from $197.4 billion a year ago. Bullish also received regulatory approval from Gibraltar's Financial Services Commission to trade tokenized securities on secondary markets, expanding its regulated on-chain asset activities. The company raised its annual forecast, expecting subscription, service, and other revenue between $225 million and $245 million, citing strong first-half results and increased predictability.

Bullish stock gained about 13% in early trading on Thursday. The institutional-focused cryptocurrency exchange and owner of CoinDesk reported a 62% year-over-year increase in adjusted revenue for Q2 and a more than threefold rise in adjusted EBITDA.

Bullish reported adjusted quarterly revenue of $92.6 million versus $57 million a year ago. Adjusted EBITDA grew from $8.1 million to $29.5 million, while adjusted net income reached $14.3 million compared to a loss of $6 million in the prior year period.

Revenue from subscriptions, services, and other sources reached a record $62.7 million, helping to offset declining exchange activity. Quarterly trading volume was $179.6 billion compared to $197.4 billion a year earlier, and average daily volume decreased from $2.2 billion to $2 billion.

BLSH stock, trading on the NYSE, rose more than 10% on Thursday morning. Source: Yahoo Finance.

The company also received approval from the Gibraltar Financial Services Commission for trading in secondary-market tokenized securities issued with issuer participation. This expanded its operations into regulated on-chain asset markets.

Bullish raised its full-year forecast and now expects revenue from subscriptions, services, and other sources in the range of $225 million to $245 million. The company cited first-half results and increased predictability.

Thursday's rally in Bullish stock extended a recent recovery: over the past month, shares have risen by approximately 20%. However, according to data from Yahoo Finance.

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İlgili Sorular

QWhat was the key financial metric that grew more than threefold in Bullish's Q2 report, contributing to the stock's surge?

AThe key metric was adjusted EBITDA. It grew more than threefold, reaching $29.5 million in Q2 compared to $8.1 million a year earlier.

QDespite a decline in trading activity, what revenue stream reached a record high for Bullish in the second quarter?

ARevenue from subscriptions, services, and other sources reached a record high of $62.7 million, helping to offset the decline in exchange activity.

QWhat recent regulatory approval did Bullish receive in Gibraltar, and what does it allow the company to do?

ABullish received approval from the Gibraltar Financial Services Commission to trade secondary market tokenized securities. This expands the company's activities into regulated on-chain asset markets.

QHow did Bullish revise its annual forecast, and what specific revenue guidance was increased?

ABullish raised its annual forecast. The company now expects revenue from subscriptions, services, and other sources to be in the range of $225 million to $245 million.

QWhat was the approximate percentage increase in Bullish's stock (BLSH) during early trading on Thursday following the earnings report?

ABullish's stock (BLSH) increased by about 10-13% during early trading on Thursday following the Q2 earnings report release.

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