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Plus500 ( (GB:PLUS) ) has provided an update.
Plus500 has reported strong financial results for the fiscal year 2024, with revenues significantly surpassing market expectations at approximately $768 million and an EBITDA of around $342 million. The company remains debt-free with substantial cash reserves and has achieved notable strategic advancements, including obtaining a clearing membership with ICE Clear US and acquiring a new license in the UAE. These developments are set to enhance its product offerings and market presence. Additionally, Plus500 has announced shareholder returns of $360.5 million, reflecting its robust financial position and operational progress. Looking ahead to 2025, the company plans to continue expanding into new markets and developing new products, underpinning its growth and value for shareholders.
More about Plus500
Plus500 is a global multi-asset fintech group that operates proprietary technology-based trading platforms. It offers a variety of trading products, including OTC products, share dealing, and futures and options on futures. The company is regulated in multiple countries and provides access to more than 2,500 underlying financial instruments. Plus500’s platforms are accessible across various operating systems, and it is listed on the London Stock Exchange as part of the FTSE 250 Index.
YTD Price Performance: -2.66%
Average Trading Volume: 162,344
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.95B
Find detailed analytics on PLUS stock on TipRanks’ Stock Analysis page.
