### At a GlanceMSCI's third-quarter results met expectations, with management emphasizing the resilience of its ESG and index businesses in a volatile market, but no specific performance benchmarks were provided.

Key Data: Revenue grew 8% year-over-year, adjusted EPS increased 10% year-over-year, and ESG & climate business revenue rose 15% year-over-year.

Business Progress: The company launched a new-generation ESG rating model this quarter, integrating climate risk data, which has been adopted by several large asset managers. Index business subscription revenue grew steadily, with accelerated client expansion in the Asia-Pacific region, particularly in Japan and Australia. Management highlighted that technology platform integration is improving operational efficiency, and client retention rates remain high.

Guidance & Outlook: Management maintained its full-year revenue growth expectation of 8%-10%, with no upward or downward revision. It expects ESG business growth for the full year to exceed the company average, but no specific figures were provided.

Risk/Highlight Signals: Management noted that macroeconomic uncertainty could impact client spending, but did not specify the exact risks. It emphasized that tighter ESG regulations present long-term opportunities for the company, though the pace of near-term conversion remains uncertain.