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  "presentationDate": "2023-11-01 00:00:00",
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      "text": "REVENUES BY PRODUCT ($MM)\nLoyalty\nCrypto\n$347.6\n$204.8\n$335.3\n$13.2\n$15.9\n$13.2\n$191.8\n$0.5\n$0.3\n$0.4\n$12.7\n$15.6\n$12.8\n$12.3\n$13.0\n3Q22\n4Q22\n1Q23\n2Q23\n3Q23",
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        "title": "REVENUES BY PRODUCT ($MM)",
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      "text": "REVENUES BY LINE ITEM ($MM)\nSubscription and service\nTransaction\n$347.6\n$204.8\n$342.5\n$198.5\n$13.2\n$15.9\n$13.2\n$6.9\n$8.1\n$7.7\n$6.3\n$7.8\n$6.3\n$5.1\n$6.2\n3Q22\n4Q22\n1Q23\n2Q23\n3Q23",
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      "text": "Loyalty revenues\nNet revenues of $13.0mm increased 2% YoY\nTransaction revenues of $6.8mm increased 5% YoY driven by higher air travel activity in loyalty redemptions\nSubscription and service revenues of $6.2mm were relatively flat YoY\nLoyalty revenues are generally seasonally weaker in second and third quarters and stronger in first and fourth quarters",
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      "text": "Crypto revenues\nGross revenues of $191.8mm driven by increase in crypto transaction volumes YoY due to Apex Crypto acquisition; 43% decline QoQ driven by lower industry wide volumes and lower activity levels from Webull Pay customers",
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      "kind": "paragraph",
      "text": "3Q23 results include Apex Crypto, which we acquired on April 1, 2023. In accordance with GAAP, we are presenting crypto services revenue on a gross basis",
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      "text": "3Q23 Revenues",
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