Plus500 revenue in the first quarter of 2024: growth by 4%, increase in clients

Plus500‘s first-quarter revenue rose to $215.6 million, up 4% year-over-year and 14% quarter-over-quarter. Customer revenue was $169.6 million and the company’s EBITDA for the quarter reached $102.6 million, up 2% year over year and 19% quarter over quarter. Despite this, the number of new customers increased significantly by 13% and 61% compared to last year and the previous quarter, respectively.

 

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However, the total number of active clients of the Israeli broker fell by 2% to 134,745. But the quarterly comparison improved by 14%. The average revenue per user on the platform is estimated at $1,600, and the average customer acquisition cost (AUAC) was $1,320. It is noted that the company has improved its AUAC score.

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