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CryptoCurrency
Crypto Miner Argo's Strategy Pay Off in Q1 2024 with Reduced Losses
2024-05-23T09:01:36.449+02:00
Miner increased revenue by almost 50% and decreased net loss compared to the previous year.
The company mined 319 Bitcoins during the quarter, averaging 3.5 BTC per day.
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Retail FX
XTX Holdings (UK) Limited Posts Double-Digit Profit Decline in 2023
2024-05-19T13:59:43.994+02:00
One of the XTX's UK entities reported a drop in net revenue to £8.4 million.
However, the management considers the results satisfactory given the exceptionally strong performance in 2022.
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Payments
Paysafe Sees Turnaround with Q1 Net Income of $3.1 Million
2024-05-14T08:59:22.034+02:00
Payments provider reports strong Q1 2024 results with 8% revenue growth.
It reaffirms its full-year outlook, expecting revenue around $1.7 billion.
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Retail FX
Raisin Reports First Profit in 12 Years amidst Surge in Customer Deposits
2024-05-13T10:33:04.595+02:00
The financial director admits that the net profit might be a one-time thing.
The company intends to continue investing capital but is not considering an IPO.
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Retail FX
Dukascopy's Net Profit Drops to CHF 1.3 Million in 2023
2024-04-30T12:41:52.656+02:00
The financial result decreased by CHF 5.1 million compared to the previous year.
Market conditions last year were "challenging," according to the bank's Co-CEOs.
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Retail FX
Hargreaves Lansdown Attracts 34,000 Net New Clients, Up 48%
2024-04-30T08:55:03.026+02:00
The company reported strong quarterly results with record AUA and increased client growth.
Its total number of active clients reached almost 1.9 million.
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Institutional FX
Tradeweb Q1 Revenue Jumps 24%, Boosted by Record Trading Volumes
2024-04-25T13:44:51.726+02:00
Revenue reached $408.7 million, and net income stood at $143.4 million.
The growth was driven by the record-breaking ADVs of $1.9 trillion.
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Retail FX
TradeStation and Coincheck Drive Monex's 850% Profit Surge
2024-04-25T09:55:19.706+02:00
The Japanese conglomerate reported a rise of 20% in operating revenue.
The company's strong performance was driven by its US and crypto subsidiaries.
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CryptoCurrency
Crypto Mining Company Argo Reduced Losses by 85% in 2023
2024-04-25T08:58:12.677+02:00
The company slashed its debt burden by 63% and optimized operations.
However, the mining difficulty of BTC after the halving has reached historical highs.
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Payments
10% Profit Uptick Drives Visa to Highest Level in 30 Days
2024-04-24T09:53:02.513+02:00
Payments giant posts strong Q2 2024 results with double-digit growth in revenue.
The success was driven by growth in payments volume and cross-border transactions.
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Payments
Equals' Profit More than Doubled in 2023 to £7.7 Million
2024-04-16T08:55:35.543+02:00
The payments company reported record revenue, profitability, and cash generation in 2023.
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Payments
ClearBank Goes from £7.1M Loss to £18.4M Profit in One Year
2024-04-04T10:10:15.310+02:00
The company achieved profitability in 2023 despite the challenging financial landscape.
On top of that, the value of held deposits rose to £6.1 billion.
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Retail FX
Plus500’s Net Profit Fell by 40% in 2023
2024-04-02T09:03:43.618+02:00
Total revenues also shrank 14% to $726 million.
However, the company managed to acquire over 90,000 new customers.
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Retail FX
Playtech Boosts Revenue to €1.7B Thanks to Key Milestone in B2C
2024-03-27T09:43:14.597+02:00
The company exceeds expectations with 9% Adjusted EBITDA growth.
However, the profit after tax fell slightly, decreasing 2% compared to 2022.
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Retail FX
ADVFN’s Revenues Drop by over 30%, Shares Test Monthly Lows
2024-03-21T12:35:12.816+02:00
The company income fell to £2.3 million during the sixth month period ending in December 2023.
ADVFN reduces losses, but that's not enough for shareholders and investors.
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FinTech
UP Fintech Attracts Record Net Asset Inflow, Doubles Total Account Balance in 2023
2024-03-20T10:34:54.632+02:00
The company reports strong 2023 results driven by expansion and product innovation.
Revenues increased 10% on a quarterly and 21% on a yearly basis.
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Retail FX
iSAM Securities UK Unit’s Revenue Falls 11% as Trading Environment Weakens
2024-03-14T13:07:05.518+02:00
The financial results turned out to be visibly worse than the previous year.
However, the London-based prime broker is gearing up for expansion with new offerings.
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Payments
Worldline's 2023: Revenue Up but €817M Net Loss Weighs on Results
2024-02-28T15:30:52.428+02:00
The company's income grew to €4.61 Billion, but it reported a net loss of €817M.
For 2024, Worldline targets at least 3% organic revenue growth and €1.17 Billion in EBITDA.
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Institutional FX
MarketAxess Reports Higher Net Income and Volume in 2023, Fueled by X-Pro Platform
2024-01-31T14:21:53.488+02:00
The company reports 11% revenue growth in Q4 and substantial gains in 2023.
The new platform and volume growth drove positive results.
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Institutional FX
Nomura's Q3 Earnings Beat Estimates with 11% Revenue Growth
2024-01-31T11:10:56.766+02:00
The company saw an increase of 39% in income before taxes.
Despite the growth, Nomura faces a annual decline of 6%, reflecting market complexities.
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FinTech
Fintech Fintel Reveals 2023 Results and Two Expansion Moves
2024-01-30T12:04:03.315+02:00
The company reported a jump of 6% EBITDA to £20.5 million.
However, Fintel share price fell following the trading update.
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Institutional FX
Virtu Financial's 2023 Profit Decline 42% amid Changing Markets
2024-01-25T13:35:04.771+02:00
The fall occurred despite maintaining strong EBITDA margins.
For Q4 2023, the drop was even more visible and came in at 83%.
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Retail FX
IG Group's Earnings Take a Hit in Tough Market, Falling 32% in HY FY24
2024-01-25T09:38:25.907+02:00
The company's numbers dropped amid a softer volatility, with a decline of 9% in total revenue.
However, the number of active and new customers shrank slightly, remaining near 2023's levels.
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Retail FX
Infinox Cites "Challenging" Market Conditions amid FY23 Net Loss
2023-12-27T18:33:30.422+02:00
The FX/CFD broker did not achieve profitability during last year, report a net loss of £5.4 million.
The company claims that it has achieved new records within its main KPIs.
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Retail FX
ADVFN Losses Grow but Investors Remain Hopeful
2023-12-21T17:18:44.929+02:00
ADVFN's H1 losses widen, yet shares surge 50%.
Cost cuts and strategic focus boost investor confidence.
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