Plus500 registers 13% Y/Y drop in revenues in 2023
Retail Forex and CFD broker Plus500 Ltd (LON:PLUS) today announced its preliminary unaudited results for the year ended 31 December 2023.
Plus500 News
Plus500 generates FY23 revenues ahead of market expectations
For the year ended 31 December 2023, Plus500 generated revenue of approximately $725m and EBITDA of approximately $340m.
Plus500 joins Futures Industry Association
Retail Forex broker Plus500 today announced that its US business has joined the Futures Industry Association (FIA).
FCA warns against clone of Plus500
Fraudsters copy the details of firms the FCA authorises to try and convince people that their firm is genuine.
Plus500 stands by Steve Baldwin, directors’ remuneration
Since the AGM, Plus500 has engaged with various shareholder advisory bodies and its top shareholders.
Plus500 registers 14% Y/Y drop in revenues in Q3 2023
Plus500’s revenue for the third quarter of 2023 was $168.1 million, down 14% from the year-ago quarter.
Plus500 repurchases £101M (8.2%) of its shares from Odey
The purchase has been conducted separately from Plus500’s $70M share buyback program, which will continue as planned.
Plus500 looks at US share listing to boost valuation
At its current share price of £15.68, Plus500 is trading at multiples of 2023e consensus results of 3.0x Revenue and 8.1x Profit.
Exclusive: Plus500 launching social trading platform +Insights
+Insights will use community driven data to allow users to analyze millions of Plus500 traders’ activity in real time.
Daniel King steps down from Plus500 BoD
Daniel King is currently a Venture Partner with Seedcamp, one of Europe’s largest early stage Venture Capital firms.
