Galaxy Books $323 Million Q3 Profit as Its Own Investments Rebound
By Unchained
AI summary of the source article
Galaxy Digital reported a $323 million net profit for the third quarter, rebounding from an $85 million loss in Q2, driven primarily by gains in its Treasury & Corporate segment.
Key facts
- Galaxy Digital posted Q3 net income of $323 million and adjusted EBITDA of $455 million.
- The firm's average loan book expanded 27% to $1.8 billion, with combined assets under management and stake reaching $10.4 billion.
- Galaxy's board authorized a new share buyback program of up to $200 million on Oct. 26.
Source excerpt · Unchained
Galaxy's Treasury & Corporate segment produced $419 million of its $569 million in adjusted gross profit, while the Digital Assets business posted a small adjusted EBITDA loss. The post Galaxy Books $323 Million Q3 Profit as Its Own Investments Rebound appeared first on Unchained .