REVENUE

The reported profit after tax reached $6.1 billion in 2020, which is a 30% drop compared to 2019.

The revenue for the year gained marginally on a constant exchange rate.

Revenue growth from North America, Australia and New Zealand has offset the declining European markets.

The company ended H1 of the financial year with a 135 percent revenue jump.

With the expected numbers, Swissquote is looking at its best year so far.

The company registered $151 million in net income in Q4 of 2020, a 26% decline compared to Q4 2019.

Q1 of 2020 average monthly web spread surged 144 percent from the last quarter.

The company saw growth in its various business verticals.

The number of active clients on the platform surged significantly.

The newly launched feature enables content publishers to earn Ethereum through banner ads.

The performance of its B2B offerings boosted the overall business.

The company stock price went down sharply at the market opening hours on Tuesday.

The company blamed a stronger Swiss franc behind the double-digit decline.

Client acquisition of the Group surged by 87% year-on-year in the last six months.

The brokerage is focusing on acquiring and retention of high-value clients.

Its financial services business went up despite overall decline.

Adjusted EBITDA also increased substantially year on year.

The broker’s Board remains confident in its outlook for the year.

The coronavirus pandemic limited spending among clients.

Due to a large increase in administrative expenses, the broker still reported a loss for the year.

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