BGC Partners, Inc. (NASDAQ:BGCP), a global brokerage and financial technology company, today reported its financial results for the quarter ended December 31, 2022.
Revenues for the three months to end-December 2022 amounted to $436.5 million, down 5.4% from the equivalent period a year earlier.
Net income fell steeply to $2.8 million, whereas operating income was $1.6 million.
Adjusted EBITDA also marked a sharp decline from a year earlier, decreasing to $124 million.
On February 24, 2023, BGC Partners’ Board of Directors declared a quarterly qualified cash dividend of $0.01 per share payable on March 31, 2023 to Class A and Class B common stockholders of record as of March 17, 2023. The ex-dividend date will be March 16, 2023.