Nasdaq, Inc. (NASDAQ:NDAQ) Q3 2024 Earnings Conference Call October 24, 2024 8:00 AM ET

Company Participants

Ato Garrett - Senior Vice President and Investor Relations Officer
Adena Friedman - Chair and Chief Executive Officer
Sarah Youngwood - Executive Vice President and Chief Financial Officer

Conference Call Participants

Owen Lau - Oppenheimer
Craig Siegenthaler - Bank of America
Michael Cyprys - Morgan Stanley
Patrick Moley - Piper Sandler
Kyle Voigt - KBW
Michael Cho - JPMorgan
Daniel Fannon - Jefferies
Alexander Blostein - Goldman Sachs
Benjamin Budish - Barclays
William Katz - TD Cowen
Simon Clinch - Redburn Atlantic
Brian Bedell - Deutsche Bank

Operator

Good day and thank you for standing by. Welcome to Nasdaq Third Quarter 2024 Results Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there'll be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to turn the call over to your first speaker to, Ato Garrett, Senior Vice President, Investor Relations at Nasdaq. Please go ahead.

Ato Garrett

Good morning, everyone, and thank you for joining us today to discuss Nasdaq's Third Quarter 2024 Financial Results. On the line are Adena Friedman, our Chair and Chief Executive Officer; Sarah Youngwood, our Chief Financial Officer; and other members of the management team.

After prepared remarks, we will open the line for Q&A. The press release and earnings presentation accompanying this call can be found on our Investor Relations website.

I would like to remind you that we will be making forward-looking statements on this call that involve risks. A summary of these risks is contained in our press release and a more complete description in our annual report on Form 10-K.

We will discuss our financial performance using pro forma financial results and year-over-year growth rates as if we owned AxiomSL and Calypso in all comparable periods, recognized revenue ratably for AxiomSL on-prem contracts for all 2023 2024, excluded the previously announced one-time revenue adjustment recognized in the third quarter and also excluded the impact of FX except for AxiomSL and Calypso, which are not yet calculated on an organic basis.

References to organic growth exclude the impact of FX and acquisitions. Reconciliations of US GAAP to non-GAAP results can be found in our press release as well as in the filing located in the financial section of our Investor Relations website at ir.nasdaq.com.