Cboe Global Markets, Inc. (CBOE) Q1 2023 Earnings Call Transcript

Cboe Global Markets, Inc. (BATS:CBOE) Q1 2023 Earnings Conference Call May 5, 2023 8:30 AM ET

Company Participants

Ken Hill - Vice President of Investor Relations

Ed Tilly - Chairman and Chief Executive Officer

Brian Schell - Executive Vice President, Chief Financial Officer and Treasurer

Chris Isaacson - Chief Operating Officer

Dave Howson - President

John Deters - Chief Strategy Officer

Conference Call Participants

Rich Repetto - Piper Sandler

Michael Cyprys - Morgan Stanley

Daniel Fannon - Jefferies

Owen Lau - Oppenheimer

Brian Bedell - Deutsche Bank

Kyle Voigt - KBW

Alex Blostein - Goldman Sachs

Andrew Bond - Rosenblatt Securities

Operator

Good morning, and welcome to the Cboe Global Markets First Quarter 2023 Earnings Conference Call. All participants will be in the listen-only mode. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Ken Hill, Vice President of Investor Relations at Cboe Global Markets. Please go ahead.

Ken Hill

Good morning. Thank you for joining us for our first quarter earnings conference call. On the call today, Ed Tilly, our Chairman and CEO, will discuss our performance for the quarter and provide an update on our strategic initiatives. Then Brian Schell, our Executive Vice President, CFO and Treasurer, will provide an overview of financial results for the quarter as well as discuss our 2023 financial outlook. Following their comments, we will open the call to Q&A. Also joining us for Q&A will be Chris Isaacson, our Chief Operating Officer; Dave Howson, our President; and our Chief Strategy Officer, John Deters.

I'd like to point out that this presentation will include the use of slides. We will be showing the slides and providing commentary on each. A downloadable copy of the slide presentation is available on the Investor Relations portion of our website.

During our remarks, we'll make some forward-looking statements, which represent our current judgment on what the future may hold. And while we believe these judgments are reasonable, these forward-looking statements are not guarantees of future performance and involve certain assumptions, risks and uncertainties.

Actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statements. Please refer to our filings with the SEC for a full discussion of the factors that may affect any forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise after this conference call. During the call this morning, we'll be referring to non-GAAP measures as defined and outlined in the earnings materials.