Plus500's revenue increases by 48% year-over-year in the first half of 2022.

Plus500, one of the world's largest providers of multi-asset financial trading services, has released its interim financial results for the six months ending 30 June 2022. (H1 2022). Plus500 recorded $511.4 million in revenue for the month in question, a 48% increase compared to the same period last year.

The EBITDA for the first half of 2022 was $305.3 million, compared to $187.6 million in the first half of 2021. In addition, the corporation recorded an EBITDA margin of 60%. The basic earnings per share (EPS) reached $2.46, up 52% from $1.62 in the first half of 2021.

"Plus500 produced another remarkable performance in the first half of 2022, propelled by the strength of our market-leading proprietary technology and our consistent ability to acquire and maintain high-value clients over the long term. Plus500's CEO, David Zruia, commented on the results as follows: "With continued operational and financial momentum, we also made substantial progress in delivering against our strategic priorities, in particular the major growth opportunities in the US, where we continue to make significant ongoing investments, including by becoming a full clearing member of the CME Group exchanges."

The number of active customers and new customers decreased in the first half of 2022 compared to the same period in 2021, despite the fact that the company's core business sectors grew strongly. During the time in question, there were 57,275 new clients, compared to 136,988 in the first half of 2021.

"To highlight the Board's view of the current value of the Company's shares and our continued confidence in the future of Plus500, the Company has delivered further elevated levels of returns to shareholders so far this year, with $170.4m in respect of H1 2022, including an interim dividend of $60.2m, a new share buyback program of $60.2m, and a special buyback program of $50.0m, announced in April 2022. Zruia noted that the Board continues to anticipate Plus500's growth to be sustainable over the medium to long term.