Nasdaq, Inc. (NDAQ) Global Technology, Internet, Media & Telecommunications Conference 2025 November 19, 2025 10:40 AM EST
Company Participants
Sarah Youngwood – Executive VP & CFO
Conference Call Participants
Ashish Sabadra – RBC Capital Markets, Research Division
Presentation
Ashish Sabadra
RBC Capital Markets, Research Division
I’m Ashish Sabadra, and I cover information services and exchanges here at RBC. We are really excited to host Sarah, CFO of Nasdaq. Sarah, thanks for giving us this opportunity.
Sarah Youngwood
Executive VP & CFO
Thanks for having me.
Question-and-Answer Session
Ashish Sabadra
RBC Capital Markets, Research Division
Thank you. I’ll start off on the topic that everybody is focused on at the tech conference, which is Gen AI. So maybe talk about both the top line and bottom line. So on the top line perspective, maybe if we can talk about the proprietariness and how embedded within your client workflows you are, but also monetization opportunity. How do you think about monetization from Gen AI? And then we also would like to cover on the bottom line side, how do we think about investment, but also efficiency. So maybe if you want to start with the top line and monetization opportunity.
Sarah Youngwood
Executive VP & CFO
No, that’s great. I appreciate the question. So we feel really good about Gen AI for Nasdaq. And so if you try to look at why would we, I go back to 10 years ago, we went into cloud. And 9 years ago, we went into AI, algorithmic AI. By the time you have that, you are like preparing your data for Gen AI. And so we started doing that a long time ago. Some people have to do some major investments to do that. The second thing about data that we have is contributory data, which is moted. And I think that’s extraordinarily important as a differentiator because Gen AI is
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