BGC Partners Posts Financial Reports for Q4 2020

International brokerage and fintech company BGC Partners, Inc. (NASDAQ:BGCP) has published its financials for the fourth quarter of 2020, ending on December 31, reporting a 1.6 percent year-on-year revenue decrease.

Key Financial Highlights for Q4:

Revenues of 479.4 million dollars, revealing a YoY decrease of 1.6%;

Post-tax Adjusted Earnings of 73.6 million dollars, increased by 18%;

Adjusted EBITDA of 107.9 million dollars, up 32.8 percent year-on-year from 81.3 million dollars reported back in 2019;

Post-tax Adjusted Earnings per share of 0.13 dollars, growing 8.3% on a year-on-year basis.

Key Financial Highlights for 2020:

Revenues of 2,056.7 million dollars, were down by 2.3% compared to 2019;

Post-tax Adjusted Earnings of 315.4 million dollars, falling 2.3 percent year-over-year;

Adjusted EBITDA of 430.5 million dollars, up 1.7%;

Post-tax Adjusted Earnings per share of 0.58 dollars, decreased by 6.5%.

In the final quarter of 2020, BGC Partners registered Forex revenues of $73.2 million, down 8.9% from the year-ago period. For the whole of 2020, Forex revenues amounted to $315.3 million, down 14.9% from 2019 levels.

​Credit revenues of 68.9 million dollars in Q4, and 329.9 million dollars in 2020.