Bullish Crypto Platform Q2 Earnings Surpass Wall Street Expectations with Strong Growth

Bullish (BLSH), the parent company of CoinDesk, has exceeded analyst EPS estimates and projects higher adjusted EBITDA for Q3. The crypto exchange reported Q2 EPS of $0.93, significantly surpassing the $0.03 analyst consensus. While adjusted revenue reached $57 million versus $60.7 million estimates, the platform demonstrated remarkable trading volume growth reaching $179.6 billion. CEO Tom Farley highlighted exciting liquidity services expansion and successful Consensus conference execution. Bullish anticipates Q3 trading volumes between $133-142 billion and projects adjusted EBITDA of $25-28 million. The company's NYSE debut shows a 44% stock increase from its $37 IPO price to $53.54, with recent 4.5% post-market gains following crucial BitLicense approval enabling US expansion.