DoD tests AI models that make it easy to switch from vendors like Palantir
Investing.com -- Plus500 Ltd (LON:PLUSP) (LSE:PLUS), a global multi-asset fintech group, reported today financial results for the fiscal year 2024.
The company announced revenue growth of 6% YoY to $768.3 million, driven by a 6% increase in trading income to $711.6 million and a 9% rise in interest income to $56.7 million. EBITDA came in at $342.3 million with a margin of 45%.
At 08:48 GMT, shares were down 4.6% in London.
Plus500's non-OTC business contributed approximately 10% of total revenue and 15% of new customers in FY 2024, highlighting the company's ongoing diversification efforts. Basic earnings per share grew 13% to $3.57, supported by the company's share buyback programs.
David Zruia, Chief Executive Officer of Plus500, stated, "We are delighted to announce a strong set of results for FY 2024. Our strong performance was driven by our market-leading proprietary technology, our international brand recognition, and our robust operating fundamentals."
The company announced additional shareholder returns of $200 million, comprising $110 million in share buybacks and $90 million in dividends.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.