CBOE Holdings Reports First-Quarter 2017 Results; Reported Results Include Bats Effective March 1
First-Quarter 2017 Highlights
- GAAP Revenue Less Cost of Revenue of $193.4 Million, up 35 Percent, Reflects the Bats Acquisition - Organic Net Revenue of $154.2 Million, up 8 Percent, Driven by Increased Trading in VIX Futures and SPX Options(1),(2) ● GAAP Diluted EPS of $0.16; Non-GAAP Adjusted Diluted EPS of $0.78(1) - Bats Integration on Track; Synergy Realization Ahead of Plan - Reduced Debt Incurred in Connection With the Bats Acquisition by $150 Million During the Quarter - Quarterly Highs Set in SPX Options Trading and Bats Options Exchanges and Hotspot Market Share
Updated on May 11, 2017 to correct certain pro forma disclosures related to interest expense for both 2017 and 2016 and to update disclosures in the statement of cash flow. The correction had no impact on reported earnings.
CHICAGO, IL - May 9, 2017 - CBOE Holdings, Inc. (BATS: CBOE | NASDAQ: CBOE) today reported financial results for the first quarter of 2017, and provided updated 2017 guidance to reflect its acquisition of Bats Global Markets, Inc. (Bats).