Intercontinental Exchange Inc. (ICE) CEO Jeff Sprecher on Q1 2021 Results - Earnings Call Transcript

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Q1: 2021-04-29 Earnings Summary

EPS of $1.34 beats by $0.03
 | Revenue of $1.80B (15.27% Y/Y) beats by $22.69M

Intercontinental Exchange Inc. (NYSE:ICE) Q1 2021 Earnings Conference Call April 29, 2021 8:30 AM ET

Company Participants

Mary Caroline O'Neal - Director, Investor Relations
Jeff Sprecher - Chairman and Chief Executive Officer
Scott Hill - Chief Financial Officer
Warren Gardiner - Incoming Chief Financial Officer
Ben Jackson - President
Lynn Martin - President, Fixed Income and Data Services

Conference Call Participants

Rich Repetto - Piper Sandler
Mike Carrier - Bank of America
Ken Hill - Loop Capital
Alex Blostein - Goldman Sachs
Brian Bedell - Deutsche Bank
Ari Ghosh - Credit Suisse
Chris Harris - Wells Fargo

Operator

Good morning, and welcome to the ICE First Quarter 2021 Earnings Conference Call and Webcast. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Mary Caroline O'Neal, Director of Investor Relations. Please go ahead.

Mary Caroline O'Neal

Good morning. ICE's first quarter 2021 earnings release and presentation can be found in the Investors section of the ice.com. These items will be archived and our call will be available for replay. Today's call may contain forward-looking statements. These statements, which we undertake no obligation to update, represent our current judgment and are subject to risks, assumptions and uncertainties. For a description of the risks that could cause our results to differ materially from those described in forward-looking statements please refer to our 2020 Form 10-K, first quarter Form 10-Q and other filings with the SEC.

In our earnings supplement, we refer to certain non-GAAP measures. We believe our non-GAAP measures are more reflective of our cash operations and core business performance. You'll find a reconciliation to the equivalent GAAP term in the earnings materials. When used on this call, net revenue refers to revenue net of transaction-based expenses and adjusted earnings refers to adjusted diluted earnings per share. Throughout

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