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Bullish Stock Surges 11% on Beating Q2 Revenue Estimates

Guavy AI Editorial Team
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Bullish stock surged about 11% on Thursday after beating Q2 revenue estimates.

The company reported adjusted revenue of $92.6 million, a 62% increase from last year and above analysts' expectations of $87.4 million.

Record subscription and services income helped offset weaker cryptocurrency trading activity, which weighed on profitability.

Bullish's Chief Financial Officer Dave Bonanno attributed the strong performance in subscription revenue to the company's expanding ecosystem.

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