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Plus500 Ltd raised its outlook for the second time this year following a strong first quarter driven by customer growth and market volatility.
The trading platform operator reported revenue of $242.1 million for the three months to 31 March, up 18% year-on-year and 24% versus the previous quarter. EBITDA increased to $95.7 million.
Customer income reached a five-year high of $270.6 million, rising 53% year-on-year, reflecting higher trading activity and a shift toward higher value clients.
New customers increased 48% year-on-year to 39,867. Active customers rose 21% to 157,703.
Plus500 cited strong momentum in the US, where revenue rose around 45% year-on-year, supported by expansion in futures and prediction markets.
The company also pointed to partnerships with CME Group and FanDuel, alongside the launch of a retail prediction markets product.
Chief executive David Zruia said the group delivered “an excellent performance in the quarter,” with strong growth across key financial and operational metrics supported by its proprietary technology.
He added that performance and momentum mean revenue and EBITDA for the 2026 financial year are now expected to come in ahead of current market forecasts.
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