Plus500's profit hit by Euro 2024 championship distraction
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 08 2024
0mins
Source: reuters
Plus500's Second Quarter Performance:
- The online trading platform, Plus500, reported a decline in core profit for the second quarter due to reduced market activity during the Euro 2024 soccer tournament.
- The company anticipates a similar impact from the upcoming Olympic Games on its performance in the second half of the year.
Market Response and Financials:
- Shares of Plus500 dropped by 4.5% following the news of lower profits.
- Second-quarter core profit was $81.3 million, down from $102.6 million in the first quarter, with revenue also decreasing significantly.
Future Outlook and Strategies:
- Plus500 expects its revenue and core profit for 2024 to align with market expectations.
- The company is considering acquisitions for new licenses or products to expand geographically and in terms of offerings.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








