IG category posts accelerate in proceeds in Q3 FY23 YTD
Electronic commerce company IG Group Holdings plc (LON:IGG) today released its earnings update for the three months to February 28, 2023 (“Q3 FY23”).
Year-to-date revenue from continuing operations was £758.4 million, up 5% (Q3 FY22 YTD: £722.7 million). Active client numbers for Q3 YTD were 335,400, down 5% from the prior year, reflecting quieter market ranks during the quarter.
Interest compensation was a major motorist of revenue extension during the period. US attentiveness
income for Q3 YTD was £32.7 million (Q3 FY22 YTD: £0.6 million), and non-US interest income was £17.4 million (Q3 FY22 YTD: (£1.2) million). The Group preserved the level of customer cash balances during the period.
Total revenue from high potential markets in Q3 FY23 was £56.7 million, up significantly on Q3 FY22, reflecting strong growth across IG’s US businesses and European ETD business, and highlighting growth opportunities for this business suite.
IG await FY23 interest and earnings before tax to be in line with current market anticipations. Its medium-term revenue and profit margin leadership remains consistent.