IG Group Sees 65% YoY Increase in Revenue in Q3 2021

​

British spread betting and CFD company IG Group published its financial results for the third quarter of 2021, ending on 28 February 2021, representing a solid performance in revenue. The financial year will end on 31 May 2021.

The broker recorded £230.3 million in revenue, up 65% compared to the same period in 2020 (£139.8 million) and 11% on a MoM basis.

Its active clients witnessed a YoY increase of 60% from 143,800 to 230,100, and 11% higher than the previous quarter. 

IG Group also said that 40,300 new clients placed their first trade during the last quarter, grew 81% compared to the third quarter last year. Nearly 5,700 new clients traded more than one product with the broker.

​Commenting on the results, June Felix, Chief Executive Officer at IG, said: “I am delighted with the excellent results and progress we have made towards delivering on our strategic goals. The continued performance from the Significant Opportunities portfolio has been remarkable, and we anticipate substantially achieving the revenue target of £160 million one year ahead of plan. The Group is also continuing to grow the size of its high quality and loyal client base which represents a long-term asset to the Group.”

Earlier this month, the CFD broker has announced its latest appointment of Lisa Pollina as its Non-Executive Director​.