Press release
Nasdaq Outlines Strategy to Deliver Next Phase of Resilient and Scalable Growth
Highlights enhanced value-creation opportunity following strategic pivot to a platform business with a more scalable, recurring, and profitable revenue
About this update from Nasdaq, Inc.
[{"type":"text","content":"Highlights enhanced value-creation opportunity following strategic pivot to a platform business with a more scalable, recurring, and profitable revenue profile Reaffirms medium-term outlook and provides 2024 priorities, including progress made to achieve synergy and deleveraging targets associated with Adenza integration Expects to action approximately 70% of targeted $80 million in net expense synergies ahead of plan, by the end of 2024 Details accelerated deleveraging plan with intent to reach a 4.0x leverage ratio nine to twelve months before – and a 3.3x leverage ratio at least six months before – previously announced targets NEW YORK, March 05, 2024 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today will host its Investor Day at 8:00 AM ET, where Adena Friedman, Chair and CEO, Sarah Youngwood, Executive Vice President and CFO, and other members of the senior leadership team will detail the company’s plans to deliver its next phase of resilient and scalable growth. Nasdaq has reaffirmed its medium-term financial outlook and will outline its key 2024 priorities. Additionally, the company will discuss its financial framework and capital allocation strategy as well as highlight the benefits of its divisional structure, unified with a One Nasdaq go-to-market approach. “Nasdaq is the trusted fabric of the global financial system, providing market-leading platforms that enhance the liquidity, transparency, and integrity of the global economy. Over the past several years, we have continuously invested to create an integrated and durable growth platform with mission-critical capabilities to serve our clients even more holistically,” said Adena Friedman, Chair and CEO. “Across our divisions, we are uniquely positioned to grow our share of a $31 billion serviceable addressable market opportunity and further reinforce our position as a trusted partner to the industry. We are confident this will unlock a new chapter of scalable, durable, and profitable growth that delivers significant value for our clients and shareholders.” Executing 2024 Strategic Priorities Nasdaq will discuss its 2024 strategic priorities, which are designed to deliver performance in line with its medium-term outlook target ranges. The three key priorities are: Integrate: Execute Adenza Integration Following the completion of the acquisition, Adenza has already acceler...