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Plus500 Ltd on Monday reported a decline in third quarter revenue, but highlighted progress at its US futures offering.
The trading platform provider said revenue in the third quarter of the year declined 2.5% on-year to $182.7 million from $187.3 million. For the year so far however, it was 2.1% higher at $597.8 million from $585.5 million.
Earnings before interest, tax, depreciation, and amortisation edged up 0.6% to $82.7 million from $82.2 million. For the first nine months of the year, it rose at the same pace to $267.8 million from $266.1 million.
‘Plus500 has delivered significant strategic progress during the first nine months of 2025, further diversifying the group’s multi-asset product offering, maintaining a focus on acquiring and retaining higher value customers, and reinforcing our status as a trusted provider of global market infrastructure,’ Chief Executive Officer David Zruia said.
‘We have strong momentum and look to the future with confidence, well positioned to capitalise on both short-term opportunities in global financial markets, as well as compelling medium-term structural growth drivers.’
Zruia hailed a ‘significant milestone’ for its US futures business, with customer segregated funds topping $1 billion for the first time ever. It reached $1.2 billion at the end of September.
Plus500 still expects revenue and Ebitda in line with market expectations for 2025, which it puts at $749.5 million and $343.0 million. This would represent a 2.4% revenue decline from $768.3 million in 2024, but a 0.2% Ebitda increase from $342.3 million.
Plus500 shares rose 0.6% to 3,212.00 pence each in London on Monday morning.
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