April 20 (Reuters) - Plus500 on Monday posted a surge in customer income in the first quarter as it expanded into U.S. consumer prediction markets and heightened market volatility drove demand across
Plus500 Sees 53% Jump in Customer Income, Fueled by US Expansion and Volatility
Strong Q1 Performance and Strategic Expansion Drive Growth
April 20 (Reuters) - Plus500 on Monday posted a surge in customer income in the first quarter as it expanded into U.S. consumer prediction markets and heightened market volatility drove demand across its global trading platforms.
The Israel-based multi-asset trading platform also said it expects full-year 2026 revenue and core profit to exceed market expectations, which currently stand at $779.3 million and $360.4 million, respectively, according to a company compiled consensus.
Key Financial Highlights
Customer Income and Revenue Growth
• Customer income increased 53% year-on-year to $270.6 million in the first-quarter ended March 31, reflecting higher engagement and trading activity
• Overall revenue rose 18% to $242.1 million in the quarter, driven by growth across both OTC and non-OTC businesses
US Market Expansion
Consumer Prediction Markets
• Plus500 launched its U.S. consumer prediction markets offering in February and expects to roll out an enhanced version in the second quarter
US Revenue Growth
• The US business's revenue grew approximately 45% year-on-year to around $35 million
International Developments
• The company completed its acquisition of Indian futures broker Mehta Equities in February, gaining access to one of the world's largest retail derivatives markets
Share Performance
• Shares in the company have risen 25.8% so far this year
(Reporting by DhanushVignesh Babu in Bengaluru; Editing by Janane Venkatraman)
