Euronext N.V. (EUXTF) Q1 2025 Earnings β Full Coverage
*β β Euronext N.V. (EUXTF) Q1 2025 Earnings β Full Coverage* *β KEY HIGHLIGHTS:β * β **Financials**β β Q1 2025 revenue β¬458.5M (~$495.2M USD, +14.1%), adjusted EBITDA β¬294.1M (+17%), adjusted EPS β¬1.8 (+13.9%). β **Operations**β β Non-volume revenue 57% of total, custody/settlement +11.6%, FICC +25.1%, equity markets +18%, net debt 1.4x EBITDA. β **Strategy**β β CEO StΓ©phane Boujnah emphasized settlement consolidation, Admin Control acquisition, European prospectus, strategic indices. β **Outlook**β β 2025 cost guidance β¬670M (excl. Admin Control), tax rate ~27%, financing expense ~β¬6M/quarteβ¦