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Plus500 registers 28% Y/Y drop in revenues in H1 2023

From fxnewsgroup.com

Online trading company Plus500 Ltd (LON:PLUS) today posted its interim results for the six month period ended 30 June 2023. The results showed improvement compared with the preceding six months. However, the comparison with the year-ago period was far from rosy. Total revenue in H1 2023 was $368.5m (H2 2022: $321.2m, H1 2022: $511.4m), comprising $346.2m in trading income and $22.3m in interest income, which is also included in EBITDA for the period, including revenue of $160.6m in Q2 2023 (Q2 2022: $240.5m). EBITDA for H1 2023 was $174.1m (H2 2022: $148.5m, H1 2022: $305.3m) with an EBITDA margin of 47% reported ... (full story)

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