MSCI Q1 2024: Profit Jumps on Index Product Demand, Stock Declines on Revenue Miss

MSCI Inc. reported mixed results for Q1 2024, with a rise in profit driven by strong demand for index products and analytics services, but a big miss in revenues leading to the stock's significant decline. The company's record AUM balances in MSCI-linked index products boosted revenue growth, offsetting lower subscription revenue. Despite the solid performance with adjusted EPS exceeding analyst expectations, the organic subscription run-rate growth moderated in 1Q24 due to factors like normalization of price increases and tight client budgets.