Trading platform Plus500 Q3 revenue rises on customer growth
Trading platform Plus500 Q3 revenue rises on customer growth
Overview
UK-listed trading platform operator's Q3 revenue rose 11% yr/yr to $203.2 mln
Q3 EBITDA grew 7% yr/yr to $88.4 mln, EBITDA margin at 44%
Company expects FY 2026 revenue and EBITDA ahead of current market expectations
Outlook
Plus500 expects FY 2026 revenue and EBITDA to be ahead of current market expectations
Company plans to launch a new US super-app in Q1 2027, expanding its product offering
Plus500 intends to roll out the super-app to additional global markets over time
Result Drivers
NEW CUSTOMER GROWTH - Co said strong growth in new customers, up 27% yr/yr in Q3, converted rapidly into high-quality revenue
PRODUCT EXPANSION - Co launched new OTC offerings and expanded into new geographies, broadening product choice and catering to evolving customer preferences
NON-OTC MOMENTUM - Co said its non-OTC business gained momentum, supported by new B2B partnerships and product launches, accounting for 16% of group revenue and 31% of new customers YTD
Company press release: ID:nRSZ3292Aa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| $203.20 mln |
|
Q3 EBITDA |
| $88.40 mln |
|
Q3 EBITDA Margin |
| 44.00% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the miscellaneous fintech infrastructure peer group is "buy"
Wall Street's median 12-month price target for Plus500 Ltd. is GBp4,720.00, about 43.5% above its October 23 closing price of GBp3,290.00
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 15 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)