Moelis & Company Reports 13% Revenue Growth in Q3 Driven by Rising Deal Pipeline
Moelis & Company (MC) reported third-quarter revenues of $426 million, representing a 13% increase compared to the same period last year. CEO Navid Mahmoodzadegan highlighted strong momentum in both new business origination and the firm's announced deal pipeline. Looking ahead, management expects non-compensation expenses to grow by approximately 19% for the full year. This projected expense increase is intended to support a deal pipeline that is currently trending roughly 20% higher year-over-year, signaling an expectation of increased transaction activity.
Tickers: $MC