- June Quarter sees growth in Trading Technology revenues continue
- Volume and value of transactions growing in all regions including trades across multiple markets
- Transaction fee revenue pipeline growing strongly
Trading Technology Revenue Growth Continues in June Quarter
Trading Technology revenues continue to grow quarter on quarter, with June quarter (unaudited) revenue increasing by 18% versus the prior quarter. This growth is being driven predominantly by increases in transaction fees (revenues derived from media traded using Adslot technology), and also licence fees (revenues derived from licence fees charged to publishers and media buyers using Adslot technology).
Growth in Trading Technology is driving the company’s successful transition from less strategic, lower margin legacy revenues such as Services (both Services and Adserving revenue segments remain in gradual decline) to the large market opportunity, high margin and high growth revenues derived from the company’s Trading Technology offering.
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