Nasdaq tops profit estimates on high-profile listings, robust data revenue

Nasdaq reported second-quarter net revenue of $1.5 billion, up 15% year-on-year, and adjusted profit of $1.07 per share, beating analyst estimates of $0.98. The capital access platforms segment grew 19% to $621 million, boosted by marquee listings such as SpaceX's IPO, while financial technology revenue rose 16% to $539 million. The earnings beat comes even as the broader exchange operator sector faces pressure from new perpetual futures products for cryptocurrencies.