Plus500 Q3 Quarterly Revenues Decline as EBITDA Margin Spikes Higher

Plus500, the retail client oriented online brokerage, has just announced that it registered a decline in revenues during the third quarter of 2016. For the three months ending September 30th 2016, the company’s revenues declined by 4 percent to $77.5 million.

Plus500 has registered substantial improvements in new and active clients during the quarter, however a substantial decline in average revenue per user (ARPU) has caused a year-on-year decline in revenues.

During the quarter the firm posted an increase in active users to 69,989, which is 33 percent higher than a year ago. The number of new clients has risen by 47 percent to 25,083. In the meantime the ARPU has seen a substantial decline to $1,107, a figure that is lower by 28 percent when compared to a year ago.

Looking at the Average User Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term Cost (AUAC), it has declined somewhat to mark $1,300.

For the first nine months of the year, Plus500’s revenue was $236.3 million, which is higher by 14 percent when compared to the same period last year. Plus500’s EBITDA margin has increased to 37 percent in the third quarter of 2016, a figure which is higher by 6 percentage points when compared to the first half of the year.

Commenting on the results, the Chief Executoive Officer of Plus500, Asaf Elimelech, said: "Our third quarter continued the strong progress of the first half, with a significant number of new customers being gained, and margins recovering. We remain on track to achieve our expectations for the year as a whole."