Plus500 Reports 75% Increase in Revenue for Q4 2021

Plus500, a global multi-asset fintech group operating technology-based trading platforms, has issued its unaudited preliminary results for the year and the quarter ended 31 December 2021.

The broker reported $161.1 million in revenue during the three months of 2021, a 75% increase compared to Q4 of 2020.

According to the official announcement, the number of active clients reached 407,374 in Q4 of 2021, compared to 434,296 in Q4 of 2020. The broker onboarded 196,336 new clients during the last quarter, down 33% compared to 294,728 in Q4 of 2020.

The company's EBITDA reached $70.9 million for the quarter, compared to $19.9 million during the fourth quarter of 2020. Additionally, the company's EBITDA margin also came up by 100 percent compared to the same period in the last year.

FY 2021 revenue was approximately $718m, supported by Customer Income, a key underlying growth metric for the group, of approximately $702m. Net profit for the year came in at $310.6 million, compared to $500.1 million in 2020 and $151.7 million in 2019. The basic earnings per share stood at $3.06.

"Plus500 delivered another excellent operational and financial performance in 2021 and we made significant progress with our strategic roadmap to develop our position as a leading global  multi-asset fintech group,"said David Zruia, CEO at Plus500."Our future growth will be delivered through continued development of our technology, particularly in relation to driving customer retention, successfully obtaining new operating licenses and launching new products. These growth opportunities will be achieved by continued organic investments in our business and through additional acquisitions."