Quick Take

• Peter Thiel-backed Bullish reported a net income of $108.3 million in the second quarter of this year, compared to a net loss of $116.4 million in the same period of last year.
• Its stock rose 2.1% in after-hours trading on Wednesday after closing up 5.8% at $54.35.

Crypto exchange Bullish reported a second-quarter net income, reversing a loss from the same period last year, in its first earnings release since listing on the New York Stock Exchange.

In its Wednesday earnings disclosure, Peter Thiel-backed Bullish reported a net income of $108.3 million in the second quarter of this year, compared to a net loss of $116.4 million in the same period of last year.

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