NAGA Lifts Q3 EBITDA to €5.7 Million

NAGA AG (Xetra Xetra Xetra is an international securities trading venue, operated by the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse). An overwhelming majority of turnover on German exchanges goes through Xetra, making it one of the most important venues in the local market.Xetra operates as the reference market for exchange trading in German shares and exchange-traded funds (ETFs). The price fixing on Xetra is conducted via defined and transparent rules. Despite its importance to the German market, Xetra Xetra is an international securities trading venue, operated by the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse). An overwhelming majority of turnover on German exchanges goes through Xetra, making it one of the most important venues in the local market.Xetra operates as the reference market for exchange trading in German shares and exchange-traded funds (ETFs). The price fixing on Xetra is conducted via defined and transparent rules. Despite its importance to the German market, Xetra Read this Term: N4G), a German social Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, has reported a higher preliminary EBITDA of EUR 5.7 million for the third quarter of the ongoing fiscal. The company, in a trading update, previously reported this figure to be at EUR 4.5 million.

With this, the EBITDA of the company for the first nine months of 2021 came in at around EUR 8.6 million.

The financial services firm published its half-yearly financial report showing total revenue of around EUR 23 million between January and June, along with a total output of EUR 24.5 million and an EBITDA of around EUR 3 million in the period.

“This was the strongest half-year result in our company's history. A very strong YoY growth in revenues, users and transactions,” said NAGA CEO Benjamin Bilski. “Despite more than 90% in revenue growth and increased marketing activities, we were able to deliver a positive EBITDA result, which we were very satisfied with.”

Another Record Year

The activities at NAGA has surged significantly over the past few years as it witnessed revenue surge for several quarters now, thus hitting record constantly.

“If you look at the quarterly EBITDA development it is quite visible how we accelerate marketing periodically and then amortize it. The third quarter was the result of good work in the first six months and shows the potential of our business model,” Bilski added.

Known for offering social trading services, the company is also expanding its services and has partnered with Visa for the launch of its payments platform. NAGA even launched global stock trading services recently and is prepared to offer an NFT marketplace as well.

“We are looking forward to 2022 and have taken measures to even further accelerate growth in the upcoming months and years,” the CEO said.