NDAQ - Nasdaq Inc. (NDAQ) Q4 2023 Earnings Call Transcript
2024-01-31 12:10:21 ET
Nasdaq, Inc. (NDAQ)
Q4 2023 Earnings Call Transcript
January 31, 2024, 08:00 AM ET
Company Participants
Ato Garrett - SVP, IR
Adena Friedman - Chair & CEO
Sarah Youngwood - CFO
Conference Call Participants
Owen Lau - Oppenheimer
Michael Cho - JPMorgan
Dan Fannon - Jefferies
Kyle Voigt - KBW
Chris Allen - Citi
Patrick Moley - Piper Sandler
Michael Cyprys - Morgan Stanley
Simon Clinch - Redburn Atlantic
Andrew Bond - Rosenblatt Securities
Alexander Blostein - Goldman Sachs
Brian Bedell - Deutsche Bank
Presentation
Operator
Good day and thank you for standing by. Welcome to Nasdaq Fourth Quarter 2023 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'd now like to hand the conference over to your first speaker, Ato Garrett, SVP, Investor Relations. Please go ahead.
Ato Garrett
Good morning, and thank you for joining us today to discuss Nasdaq's fourth quarter and full year 2023 financial results. On the line are Adena Friedman, our Chair and Chief Executive Officer; Sarah Youngwood, our Chief Financial Officer; John Zecca, our Chief Legal Risk and Regulatory 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 are on our website. We intend to use the website as a means of disclosing material, non-public information and complying with disclosure obligations under Regulation FD.
I would like to remind you that certain statements in this presentation and during Q&A may relate to future events and expectations and constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from these projections. Information concerning factors that could cause actual results to differ from forward-looking statements is continued in our press release and periodic reports filed with the SEC. Further, any references to organic growth will exclude the impact of changes in FX rates, and the impact of acquisitions and divestitures which this quarter substantially, all relate to the two months of Adenza performance included in the fourth quarter and [Technical Difficulty]
Operator
Ladies and gentlemen, please continue to hold. Your conference call will resume momentarily. Please remain on the line. Your conference call will resume shortly. Ladies and gentlemen, please continue to hold. Your conference call will resume shortly. Please remain on the line. Your conference call will resume shortly.
Adena Friedman
An improving business environment for Nasdaq in 2024. We have a healthy pipeline of companies that have filed to go public on Nasdaq. Additionally, throughout 2023, we benefited from $31 billion in net inflows into our Index products, which represents a strong starting point for 2024. In the fourth quarter, we also saw early signs of normalization in sales cycles for our IR and asset-owner solutions. And lastly, market volumes are off to a solid start in the New Year and client interests in our comprehensive suite of technology solutions remains very strong....
Nasdaq, Inc. (NDAQ) Q4 2023 Earnings Call Transcript