Plus500 Reports Solid Q3 2020 Revenue

Plus500 Ltd., a leading technology platform for trading Contracts for Difference ("CFDs") internationally, today unvailed its financials for the three months ended 30 September 2020, showing a significant year-on-year jump. 

Group Revenue increased by 96% in Q3 2020 to $216.4m. This figure for the previous year was only $110.6m. Group EBITDA increased by 91% in Q3 2020 to $134.2m compared to $70.1m in the previous year period. Customer Income came in at $240.0m in the quarter compared to $107.1m, a year-on-year rise of 124%, highlighting the strong underlying performance of the business. Customer Trading Performance was $23.6m in Q3 2020 while the figure was $3.5m for the same period of last year and remained at relatively modest levels for the year to date. 

This overall performance was achieved with extreme monthly trading movements within the quarter, consistent with the level of market volatility experienced during the course of 2020 and particular trading conditions during Q3 2020.

David Zruia, Chief Executive Officer, commented:" Plus500 has delivered an excellent performance during Q3 2020, building on the positive momentum already achieved in the first half of the year. This performance has been driven by the quality and differentiation of our proprietary technology, which has enabled our business to consistently support our customers in these unprecedented market conditions. Given Plus500's exceptional performance this year to date, and with macroeconomic and sector-specific news flow continuing to provide significant trading opportunities for our customers, we remain very confident about the outlook for the business."