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FinTech

Playtech Accelerates US Push as H1 Profits Jump 23%

  • The company revenue was up 5%, and adjusted EBITDA was 11%, driven by visible B2B growth.
  • The company raised its full-year outlook and announced the sale of Snaitech to Flutter for €2.3 billion.
Monday, 30/09/2024 | 08:20 GMT by Damian Chmiel
FinTech

Fintel Flexes Muscles with 13% Revenue Boost, but Investors Have a Different Take

  • Although the revenue rose, net income fell by 30% compared to last year.
  • The company expects to meet full-year revenue targets but anticipates some EBITDA pressure.
Tuesday, 17/09/2024 | 07:30 GMT by Damian Chmiel
Payments

B2B Focus Pays Off for UK Payment Firms in H1 2024 Results

  • Equals Group and Finseta reported strong financial results for H1 2024, with significant revenue growth.
  • They are investing in new technologies to capitalize on the growing demand for innovative payment solutions.
Tuesday, 10/09/2024 | 08:00 GMT by Damian Chmiel
Institutional FX

Alpha Group Posts 16% Revenue Jump In H1 2024 as Client Base Expands

  • The company also reported a 16% revenue increase to £64 million in the same period.
  • Corporate and institutional divisions showed double-digit growth despite market challenges.
Wednesday, 04/09/2024 | 06:38 GMT by Damian Chmiel
CryptoCurrency

This Wall Street Bitcoin Company Mines Revenue despite Bitcoin Drought

  • Although the number of mined cryptos fell almost 50%, Argo Blockchain reported an 18% revenue increase in H1 2024.
  • However, the net loss was further deepened by loan repayments and impairment on mining rigs.
Wednesday, 28/08/2024 | 07:10 GMT by Damian Chmiel
Institutional FX

Compagnie Financière Tradition Boosts H1 2024 Revenues to CHF 557M

  • Swiss interdealer broker also saw solid performance in the second quarter, with a 14.4% increase.
  • Despite currency headwinds, the company reported growth across all regions.
Thursday, 08/08/2024 | 05:52 GMT by Damian Chmiel
Institutional FX

TP ICAP Flexes Financial Muscle with Record £170M Profits and New £30M Buyback

  • TP ICAP reports 3% revenue growth and 9% EBIT increase in H1 2024, announces third share buyback.
  • The company sees strong performance in E&C, Parameta Solutions and Liquidnet divisions.
Wednesday, 07/08/2024 | 06:39 GMT by Damian Chmiel
Brokers

XTB Sees “Well-Oiled Machine” as H1 2024 Revenue Jumps to Record $938M

  • However, the results for Q2 were significantly worse than those at the beginning of the year.
  • From April to June, the net profit dropped by nearly 50% to $40 million.
Monday, 05/08/2024 | 06:21 GMT by Damian Chmiel
Institutional FX

Spectrum Markets' Volume Drops 15% to $1.5B in H1 2024

  • Despite the lagging order book turnover, the company expanded its ETF offerings to 1,800 products.
  • CEO admits that the market landscape year-to-date was “complex.”
Tuesday, 30/07/2024 | 07:18 GMT by Damian Chmiel
Payments

Finseta Sees 42% Revenue Jump as Forex Platform Gains Traction

  • The company reported revenue up 42% to £5.1 million and adjusted EBITDA increasing 300%.
  • Growth was driven by an expanded customer base and higher average transaction values
Tuesday, 09/07/2024 | 07:20 GMT by Damian Chmiel
Payments

Equals Group H1 Revenue Hits £60 Million, Up 33% Year-on-Year

  • Strong performance in the Solutions and International Payments segments drives results.
  • Growth was also reported in the FX segment, where revenues exceeded £25 million.
Wednesday, 03/07/2024 | 06:36 GMT by Damian Chmiel
Retail FX

ADVFN Losses Grow but Investors Remain Hopeful

  • ADVFN's H1 losses widen, yet shares surge 50%.
  • Cost cuts and strategic focus boost investor confidence.
Thursday, 21/12/2023 | 15:18 GMT by Damian Chmiel
Retail FX

NAGA's Earnings Exceed Initial Estimates in H1 2023, Final Report Indicates

  • The company reported preliminary results five months ago.
  • However, as the full report shows, the revenue was underestimated by several million euros.
Wednesday, 13/12/2023 | 12:57 GMT by Damian Chmiel
FinTech

Boku Inc. Soars High with 26% Revenue Boost amid CEO's Exit

  • Boku Inc. reveals revenue increase to $38.2 million in H1 2023.
  • The mobile payment provider also announced the CEO, Jon Prideaux's retirement at the end of the year.
Tuesday, 26/09/2023 | 08:49 GMT by Damian Chmiel
Institutional FX

Saxo Bank’s H1 2023 Profit Soars 34% despite Low Trading Activity

  • The bank's operating profit for the period jumped to DKK 520 million.
  • Saxo bank's divestment negatively impacted its net profit.
Thursday, 14/09/2023 | 13:46 GMT by Jared Kirui
Institutional FX

Alpha Group International PLC Reports £55 Million in H1 2023 Revenue

  • The company reports an increase of 20% revenue.
  • Despite macro headwinds, Alpha forecasts full-year results to align with market expectations.
Wednesday, 13/09/2023 | 07:19 GMT by Damian Chmiel
FinTech

Cornerstone's Revenue Soars 90% as Forex Provider Beats Market Forecasts

  • The company earned £3.6 million in the first half of 2023.
  • Cornerstone predicts that its full-year results will surpass analysts' forecasts.
Tuesday, 12/09/2023 | 08:15 GMT by Damian Chmiel
FinTech

Equals Group Revenue Hits £45 Million, Up from £31.4 Million Last Year

  • Equals Group plc announces a surge of 43% in revenue.
  • The fintech firm also reveals an optimistic outlook for the rest of 2023.
Tuesday, 12/09/2023 | 07:56 GMT by Damian Chmiel
FinTech

Playtech Reports Record Adjusted EBITDA for H1 2023, CEO Sees Bright Future

  • The company reported an increase of 8% in revenue and 19% EBITDA.
  • Playtech's CEO forecasts higher-than-expected results for the full FY23.
Thursday, 07/09/2023 | 07:37 GMT by Damian Chmiel
Retail FX

Compagnie Financière Tradition Sees 41.9% Uptick in Operating Profit in H1 2023

  • CFT saw a revenue increase of 11.8% in H1 2023, bolstered by organic growth strategies.
  • The firm's operating profit soared 41.9%, signaling a solid financial performance.
Friday, 01/09/2023 | 06:22 GMT by Damian Chmiel
Retail FX

Admirals Fails to Convert 96% More Active Users into Trading Profit in H1

  • Net loss came in at €4.8M, which is in stark contrast to a net profit of €24 million in H1 2022.
  • Similarly, the online trading group's revenue plunged 50% to €21.1 million.
Thursday, 31/08/2023 | 20:06 GMT by Solomon Oladipupo
CryptoCurrency

BTC Miners Struggle to Break Even: Cathedra Bitcoin Reports C$2.9 Million Loss

  • Cathedra Bitcoin's Q2 2023 financials show an increase of 19.5 BTC in mining output.
  • However, similar to other publicly listed miners, it has not achieved profitability.
Wednesday, 30/08/2023 | 07:08 GMT by Damian Chmiel
CryptoCurrency

Argo Blockchain Mines More but Earns Less in H1 2023: Reports $18.8M Net Loss

  • Despite reducing debt and operational costs, Argo reports a net loss in H1 2023.
  • The company's revenue declined 31%, but it managed to increase its BTC mining 1%.
Tuesday, 29/08/2023 | 08:31 GMT by Damian Chmiel
Retail FX

Dukascopy Grapples with 80% Profit Decline in H1 after Upswing in 2022

  • The Swiss broker's trading income slumped 33% to CHF 9.6 million.
  • The firm reported its second-highest-ever profit last year.
Friday, 18/08/2023 | 18:46 GMT by Solomon Oladipupo
FinTech

Defying Odds: Adyen’s Net Income Climbs in H1 2023 despite Fivefold Revenue Drop

  • Adyen's H1 2023 figures highlight growth, despite a drop in EBITDA.
  • Processed volume sees a YoY increase of 23%, with point-of-sale volumes rising by 49%.
Thursday, 17/08/2023 | 08:04 GMT by Damian Chmiel
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