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Galaxy Digital Holdings Ltd. (TSE:GLXY)
TSX:GLXY
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Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.39Last Year’s EPS
1.78Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 29, 2019
|% Change Since: 44.85%
|Next Earnings Date:May 29, 2019
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth in counterparty trading and asset management, substantial expansion in blockchain infrastructure, and significant strategic moves towards AI data centers. However, the call also acknowledged a net loss for the quarter and challenges due to Ethereum price declines and increased expenses. Despite these challenges, the overall sentiment reflected optimism about future opportunities and growth potential.Company Guidance
During the Galaxy Digital Third Quarter 2024 earnings call, executives provided detailed guidance on the company's performance and future outlook. The Global Markets business reported a 117% quarter-over-quarter increase in counterparty trading revenue, reaching $54 million, with the average loan book size growing by 23% to $863 million. The Asset Management division ended the quarter managing $4.6 billion in assets, with $250 million in net inflows despite a 7% decline in broader crypto markets. The Blockchain Infrastructure unit saw a 58% increase in assets under stake, totaling $3.4 billion, while the Digital Infrastructure Solutions business reported $18.5 million in mining revenue with a 46% profit margin. Additionally, the company executed a nonbinding term sheet with a U.S.-based hyperscaler to develop AI data center infrastructure, potentially utilizing up to 800 megawatts of power capacity at their Helios campus. Overall, Galaxy Digital emphasized a strong strategic pivot towards artificial intelligence and digital asset innovation, projecting a promising future in the evolving crypto asset management landscape.Counterparty Trading Revenue Surge
Counterparty trading business generated $54 million in revenue in Q3, a 117% increase quarter-over-quarter, driven by higher revenue from derivatives and increased lending activity.
Asset Management Growth
Assets under management reached $4.6 billion, a 2% increase quarter-over-quarter, with nearly $250 million of net inflows into fund products despite broader crypto market declines.
Blockchain Infrastructure Expansion
Assets under stake reached $3.4 billion, a 58% increase quarter-over-quarter, reaffirming position as a leading validator on the Solana network.
Strategic AI Data Center Development
Executed a nonbinding term sheet to supply turnkey infrastructure for AI data centers, potentially using up to 100% of Helios' 800-megawatt capacity for this purpose.
Mining Business Performance
Reported $18.5 million in mining revenue with a 46% direct mining profit margin, exceeding target hash rate for the quarter.
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TSE:GLXY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:GLXY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$20.67 | C$23.73 | +14.80% |
| Aug 01, 2024 | C$16.58 | C$14.11 | -14.90% |
| May 14, 2024 | C$12.55 | C$12.41 | -1.12% |
| Mar 26, 2024 | C$14.38 | C$13.46 | -6.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Galaxy Digital Holdings Ltd. (TSE:GLXY) report earnings?
Galaxy Digital Holdings Ltd. (TSE:GLXY) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is Galaxy Digital Holdings Ltd. (TSE:GLXY) earnings time?
Galaxy Digital Holdings Ltd. (TSE:GLXY) earnings time is at Apr 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:GLXY EPS forecast?
TSE:GLXY EPS forecast for the fiscal quarter 2024 (Q4) is 0.39.
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