Peregrine Riviere
Head of Investor Relations
Replay available
London Stock Exchange Group plc (LSEG) Q1 2025 Earnings Call
London Stock Exchange Group plc (LSE: LSEG) Q1 2025 earnings conference call, held 2025-05-01. Replay captured from the company's public earnings webcast.
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Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for London Stock Exchange Group Plc.
Replay transcript excerpt
WEBVTT 00:00:00.638 -- 00:00:04.882 Good morning and welcome to the investor and analyst call for ELSEG's first quarter 2025 00:00:04.882 -- 00:00:10.748 trading update. At this time, all participants are in listen-only mode. 00:00:10.748 -- 00:00:14.472 Later, we will conduct a question and answer session through the phone lines and instructions 00:00:14.472 -- 00:00:18.876 will follow at that time. I would like to remind all participants that this call is being 00:00:18.876 -- 00:00:23.741 recorded. I will now hand over to Peregrine Riviere, Head of Investor Relations, to open 00:00:23.741 -- 00:00:26.812 the presentation. Please go ahead. 00:00:26.812 -- 00:00:31.459 Thanks, Paulie. Good morning, everyone, and welcome to LSEC's First Quarter Update. 00:00:31.459 -- 00:00:36.927 I'm here with David and Matt. Matt will make some brief opening remarks on our Q1 performance, 00:00:36.927 -- 00:00:40.072 and then we'll open up to questions on the conference call line. 00:00:40.072 -- 00:00:42.436 So let me hand over to him right now. 00:00:42.436 -- 00:00:44.979 Thanks, Peregrine, and good morning, everyone. 00:00:44.979 -- 00:00:50.368 Glad to be with you today. We have started the year well, with total income growth 00:00:50.368 -- 00:00:55.779 of 8.7% on a constant currency basis. This includes 90 00:00:55.779 -- 00:01:01.886 basis points of M&A benefit, mainly from the ICD acquisition within TradeWeb. 00:01:01.886 -- 00:01:07.492 That leaves organic growth of 7.8%, and I will actually refer to this metric 00:01:07.492 -- 00:01:10.295 through the rest of my comments. 00:01:10.295 -- 00:01:15.301 Our subscription businesses all perform well, with DNA showing continued 00:01:15.301 -- 00:01:20.367 slight acceleration, while our market businesses capture the upside of ...