Plus500 News
Although there is a slight decrease in clients' figures, Plus500 still gained higher revenue in the first quarter of 2023.
Online broker Plus500 initiated a $70 million buyback program, $27.6 million special shares, and $42.4 million closing stock. It is included in the company's $100 million distribution plan.
The issuance of the Dubai license will enable Plus500 to provide a range of FX and CFD products to retail and professional clients not only in the UAE but also to expand offerings to other GCC countries.
Although there has been some decline in the last quarter, the revenue of Plus500 still meets expectations. It ended 2022 with $832 million.
Plus500 announces a share buyback program worth $60.2 million for 9,959,828 shares to further highlight the Board's confidence in the company's future prospects.
After ending their contract with Atletico Madrid, Plus500 just recently strikes a 4-year sponsorship deal with the US-based basketball team, Chicago Bulls.
Plus500 held its first Capital Markets Day Event to present various areas of the company's management, including strategy, track record, financial dynamics, and business opportunity.
Plus500 revenue discloses a 48% increase in operating income to $511.4 million in the first half of 2022 and a 68% YoY surge in Q2.
Daniel King announced that he will step down as Non-Executive Director after 9 years through his social media account.
To help its global expansion, Plus500 appoints Kiefer Sutherland to appear in an ad campaign video that will be broadcasted all over the world.
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