B3 Sa Brasil Unsp/Adr (BOLSY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the B3's Earnings Results presentation for the fourth quarter of 2024, where André Milanes, B3's CFO, will discuss the results along with Fernando Campos, Investor Relations Associate Director. We would like to inform you that all participants will be in listen-only mode during the company's presentation. After the company's remarks are completed, there will be a Q&A section when further instructions will be given. As a reminder, this conference is being broadcast live via webcast. The replay will be available after the event is concluded. Hello, I'm Fernando Campos from B3's Investor Relations team, and welcome to another B3's earnings event, where André Milanese, B3's CFO, and I will analyze the results of the 4Q 2024. André, we will start by providing an overview of the quarter. Thanks, Fernando. We had a quarter with consistent results in line with the resilience of our business model. It was a quarter marked by many political events in Brazil and globally that brought significant volatility to the markets in which we operate, which reflected in consistent volumes in our business. With this, we had revenues growing by 7% compared to the fourth quarter of 2023, but slightly below the third quarter of 2024, which was impacted by five fewer business days in relation to that quarter. Fernando, can you talk a little bit more about the operational aspects that explain the dynamic that we saw on revenues? Sure. Regarding operational performance, let's start with our listed derivatives, which continue to show solid numbers, although below Q3 2024, mainly due to the lower volatility in the short term of the interest rates in reais contracts. Again, the performance of Bitcoin futures stood out with an ADV of 206,000 contra...