- Plus500 reports $726.2 million in revenue for 2023, with a remarkable $3,115 revenue per client.
- The company invested heavily in product development, leading to increased customer engagement and revenue growth in Q1 2024.
Plus500 has reported impressive financial results for 2023, showcasing a revenue per client of $3,115. This figure surpasses competitors like Interactive Brokers and Saxo, highlighting the company’s strong performance despite a slight dip in overall revenue for the year.
Plus500 success can be attributed to its substantial investment in product development, which has enhanced customer engagement and contributed to revenue growth in the first quarter of 2024.
The company acquired almost 91,000 new customers in 2023, raising active customer numbers to over 233,000. Plus500 EBITDA margin of 47% in 2023 remains competitive in the industry.
Plus500 Q1 2024 trading update indicates a potential reversal of last year’s revenue downturn, with income reaching $215.6 million, up from the same period in 2023.
This positive trend, suggests a promising future for Plus500 in the financial markets.
