Lazard LTD. (LAZ) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Lazard's third quarter and first nine months 2025 earnings call is being recorded. Currently, all participants are in a listen-only mode. Following the remarks, we will conduct a question and answer session. Instructions will be provided at that time. If anyone should require assistance during the call, please press the star key followed by zero on your telephone keypad. At this time, I will turn the call over to Alexandra Degnan, Lazard's head of investor relations and treasury. Please go ahead. Good morning and welcome to Lazard's earnings call for the third quarter and first nine months of 2025. I'm Alexandra Degnan, head of investor relations and treasury. In addition to today's audio comments, we have posted our earnings release on our website. A reply to this call will also be available on our website later today. Before we begin, let me remind you that we may make forward-looking statements about our business and performance. There are important factors that could cause our actual results, level of activity, performance, achievements, or other events to differ materially from those expressed or implied by the forward-looking statements, including, but not limited to, those factors discussed in the company's SEC filings, which you can access on our website. Lizard assumes no responsibility for the accuracy or completeness of these forward-looking statements and assumes no duty to update them. Please note that unless we state otherwise, all financial measures we discussed today are non-GAAP adjusted financial measures. We believe that these non-GAAP financial measures are meaningful when evaluating the company's performance. Reconciliation of these non-GAAP financial measures to the comparable GAAP measures is provided in our earnings...