Plus500 reports 2022 revenue of $832 million
In 2022, EBITDA of the London-listed broker grew to $454 million from $387.1 million. Additionally, the company’s balance sheet remained strong as the Group continued to hold no loans or debt. The cash balance reached more than $900, compared to $749.5 million at the end of December 2021. Plus500 stated: The Group delivered an excellent […] The post Plus500 reports 2022 revenue of $832 million appeared first on LeapRate.
In 2022, EBITDA of the London-listed broker grew to $454 million from $387.1 million.
Additionally, the company’s balance sheet remained strong as the Group continued to hold no loans or debt. The cash balance reached more than $900, compared to $749.5 million at the end of December 2021.
Plus500 stated:
The Group delivered an excellent operational and financial performance during FY 2022, in line with market expectations, following several upgrades to market expectations related to Plus500’s financial performance during the year. This performance was achieved despite lower levels of activity across financial markets towards the end of the year, which were affected as expected by the 2022 FIFA World Cup, and consistent with previous World Cup tournaments.
David Zruia, Chief Executive Officer, commented:
David Zruia
Source: LinkedIn
We continue to diversify and develop our business as a global multi-asset fintech group, supported by on-going growth investments in a number of areas, ensuring Plus500 remains well-positioned to deliver sustainable growth over the medium to long-term.
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