Positive.

From Investing.com: 2025-01-13 03:46:09

Plus500 exceeded market expectations in 2024, reporting $768 million in revenue, a 6% increase from the previous year. The company attracted 36,000 new customers in the fourth quarter alone, resulting in a total of 118,000 new clients for the year, up 29% from the previous year.

Despite increased spending, Plus500 reported an EBITDA of $342 million, slightly above 2023 levels. The company ended the year with $900 million in cash reserves, highlighting its financial strength and ability to reward investors.

Plus500 obtained a license from the UAE’s Securities and Commodities Authority, expanding its product offerings in the region. The company also became a clearing member of ICE Clear US, allowing it to offer more services to institutional clients and reduce third-party costs.

Investments in customer acquisition, geographic expansion, and institutional offerings are expected to drive future growth and profitability for Plus500, according to Jefferies.



Read more at Investing.com: Plus500 beats expectations on strong revenue growth and customer gains By Investing.com