Plus500 Unveils 27% YoY Rise in Revenue for First Nine Months of 2022

​Plus500, a global multi-asset fintech group, has released its financial results for the nine months ended 30 September 2022, and Q3 2022.

Financial highlights for the first nine months of 2022 are as fallows:

• Revenue stood at $705.9m, rising 27%, compared to that of last same period at $557.6m.

• EBITDA increased 29% YoY to $407.1m, with EBITDA margin growing 6% to 58%.

• New Customers the company acquired totaled 81,022, dropping 50% from 163,149 in the last same period.

• The number of Active Customers was 250,553, down 32% on a year basis.

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Financial highlights for Q3 2022 are as fallows:

• Revenue stood at $194.5m, falling 8% from $211.4m in Q3 2021.

• EBITDA was down 21% YoY to $101.8m, with EBITDA margin decreasing 15% YoY.

• New Customers the company acquired totaled 23,747, down 9% YoY.

• The number of Active Customers declined from 166,310 in the last same period to 134,657.

David Zruia, Chief Executive Officer of Plus500, commented: "Plus500 has continued to outperform in 2022, driven by the power of our market‐leading proprietary technology and our on‐going ability to attract and retain higher value, long‐term customers. We have made further traction in delivering against our strategic priorities, in particular in starting to access the major growth opportunities available in the US. Supported by continued investment in growth, we continue to diversify and develop the business as a global multi‐asset fintech group, ensuring Plus500 remains well‐positioned to deliver sustainable growth over the medium to long‐term."

In July, Fazzaco reported that the broker registered $511.4 million in revenue during the six months of 2022​, a 48% jump compared to H1 2021.