Plus500’s Guidance Goes From ‘In Line’ to ‘Ahead’ in Three Months
By Arnab Shome
AI summary of the source article
Plus500 reported an 11% rise in Q3 revenue to $203.2 million and raised its full-year 2026 outlook ahead of market expectations. The broker also agreed to acquire US broker Hedge and Brazilian broker Guru.
Why it matters
Plus500 stated Hedge will "unlock access to SEC-regulated markets, supporting the planned launch of a new, multi-asset ‘super-app’ in Q1 2027," while Guru provides its first local operations in Brazil to extend reach across Latin America.
Key facts
- Q3 revenue rose 11% year-on-year to $203.2 million, and EBITDA rose 7% to $88.4 million.
- The board expects full-year 2026 revenue and EBITDA to exceed current market expectations.
- Plus500 agreed to acquire US broker-dealer Hedge and Brazilian broker Guru using existing cash.
Source excerpt · Finance Magnates
Plus500 expects full-year 2026 revenue and EBITDA to exceed market expectations after reporting a Q3 revenue of $203.2 million, up 11% from $182.7 million a year earlier. The London-listed broker published the figures in an unaudited trading update for the three months to 30 September. EBITDA rose 7% to $88.4 million, an EBITDA margin of 44%. Over the first nine months, revenue reached $666.1 mill…