Plus500 sees 14% YoY revenue growth in Q2 2024

Plus500 Q2 2024 revenue up 14% YoY, down 15.3% QoQ due to EURO 2024

Plus500 reported a 14% year-over-year increase in Q2 2024 revenue to $182.6 million, but a 15.3% drop from Q1 due to lower market activity amid UEFA EURO 2024. The company added 24,810 new customers and expects annual revenue to meet market expectations.
80% of retail investor accounts lose money when trading CFDs.

Plus500
95
Min. deposit
100$
Max. leverage
1:30
Bonus
Used by
430000+
Min. Spread
Variable
Trading platforms
Own Platform
Web Platform
MetaTrader 4
MetaTrader 5
Deposit methods
Trustly, iDEAL, PayPal, Klarna, Credit/Debit Cards, Skrill
Regulated by
MAS
FCA
FSA Seychelles
CySEC
ASIC
Plus500 Q2 2024 revenue up 14% YoY, down 15.3% QoQ due to EURO 2024

Plus500‘s Q2 2024 revenue hit $182.6 million, up 14% year-over-year but down 15.3% from Q1. EBITDA rose 11% YoY to $81.3 million but fell 20.7% QoQ. The brokerage attributed the dip to lower market activity due to the UEFA EURO 2024 Football Championship.

CEO David Zruia highlighted the company’s resilience and strategy of market expansion, product development, and customer relationship deepening. Plus500 added 24,810 new customers in Q2 and maintains a strong balance sheet with over $1 billion in cash.

 

Learn how to trade CFDs on popular assets with Top Forex broker Plus500

 

Looking ahead, Plus500 expects annual revenue and EBITDA to align with market expectations of $697.8 million and $314.6 million, respectively. The company remains confident in capitalizing on both short-term and long-term growth opportunities.

Plus500

80% of retail investor accounts lose money when trading CFDs.