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Plus500 registers 14% Y/Y drop in revenues in Q3 2023

From fxnewsgroup.com

Forex and CFD broker Plus500 Ltd (LON:PLUS) today issued a trading update for the third quarter of 2023. Revenue for the third quarter of 2023 was $168.1 million, down 14% from the year-ago quarter. Revenue during the first nine months of FY 2023 was $536.6m (YTD 2022: $705.9m). Customer Income, a key measure of the Group’s underlying performance, was $457.9m in the first nine months of FY 2023 (YTD 2022: $489.2m) including $153.6m in Q3 2023 (Q2 2023: $146.5m, Q3 2022: $149.4m). Customer Trading Performance in the first nine months of FY 2023 stood at $42.0m (YTD 2022: $216.7m) including $0.1m in Q3 2023 (Q2 2023: ... (full story)

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