Plus500 Surpasses Revenue Expectations, Announces Strategic Milestones and Strong Shareholder Returns

Plus500 ( (GB:PLUS) ) has shared an update.

Plus500 reported robust financial results for FY 2024, with revenue significantly exceeding market expectations at approximately $768 million and EBITDA at around $342 million. The company’s strong financial position is underscored by a debt-free status and cash reserves of approximately $900 million. Strategic advancements included obtaining a clearing membership with ICE Clear US and a new license in the UAE, which broadens its market reach and product offerings. The company announced shareholder returns totaling $360.5 million, reflecting its operational success and market confidence. Looking forward, Plus500 aims to continue its strategic expansion into new markets and product development, supported by its cutting-edge technologies and solid financial standing.

More about Plus500

Plus500 is a global multi-asset fintech group that operates proprietary technology-based trading platforms. It offers a range of trading products including over-the-counter (OTC) products like Contracts for Difference (CFDs), share dealing, futures, and options on futures. The company is regulated and holds operating licenses in various countries and offers more than 2,500 underlying global financial instruments. Customers can access these platforms through multiple operating systems and web browsers.

YTD Price Performance: -2.66%

Average Trading Volume: 162,344

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £1.95B

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