BGC Group, Inc. (NASDAQ:BGC), a leading global brokerage and financial technology company, today announced that it has updated its outlook for the quarter ending September 30, 2023.

BGC reaffirmed its previously stated outlook ranges for revenue and pre-tax Adjusted Earnings for the third quarter of 2023.

BGC’s revenue grew by 13.2 percent to $493.1 million in the quarter ended June 30, 2023, with revenue increasing across all geographies. This growth was primarily driven by the Americas which improved by 21.9 percent as we continue to execute our growth strategy to increase market share in the region.

BGC generated double-digit growth across all of its Adjusted Earnings metrics during the quarter. Pre-tax Adjusted Earnings grew by 17.1 percent to $105.5 million and post-tax Adjusted Earnings increased by 18.0 percent to $100.0 million, or $0.20 per share, a 17.6 percent improvement. Adjusted EBITDA improved by 18.5 percent to $135.1 million for the second quarter.

BGC completed its conversion to a Full C-Corporation on July 1, 2023, which included changing its name to BGC Group, Inc., and its ticker symbol to “BGC”. The new structure is aimed at attracting a broader and more diversified investor base.