简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The company recorded $31.1 million in net revenue during Q1 2022. Global Brokerage posted a big collapse in net loss during the past quarter.
Global Brokerage Inc., the owner of FXCM, an online forex trading and contract for difference (CFD) broker, recorded a 21.6% growth in its net revenue in the second quarter of 2022.
The net revenue in the quarter came in at $37.83 million, which is a significant rise from the $31.1 million generated during the first quarter of the year.
Global Brokerage disclosed these on Friday in its unaudited financial results for the second quarter of 2022.
Contrary to its net revenue, the company‘s net loss during the quarter collapsed by 57% to $5.12 million from first quarter’s $12 million.
Between the first six months of 2022, Global Brokerage posted a net loss of $16.98 million. This is a big drop (50.4%) from the $34.24 million recorded in the same period last year.
Furthermore, while the company recorded an operating income of $5.7 million in the second quarter, it had posted an operating loss of $1.8 million during the first quarter of 2022.
During the second quarter of 2022, Global Brokerage recorded a marginal increase in its total assets. The company posted a slight 0.5% growth in this category.
The companys total assets came in at $399.71 million, marking a small move away from the $397.9 million recorded at the end of March last year.
Furthermore, Global Brokerage recorded a 1.2% increase in its total liabilities at the end of the second quarter of 2022. Total liabilities reached $602.1 million during the period. As of March this year, the companys total liabilities stood at $594 million.
Global Brokerage provides online forex and CFD trading services to retail customers. It also provides spread betting and other relatives services.
Additionally, the company provides access to trading tools to customers from around the world.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
eToro strengthens its Australian market presence with the $80M AUD acquisition of Spaceship, expanding its long-term savings and superannuation offerings.
OANDA Japan Inc., a subsidiary of the global online broker OANDA Corporation, has announced the termination of its Tokyo Server MT4 Discretionary Plan. The broker has notified its clients that the plan will no longer be available after December 13, 2024, marking a shift in the company's services for clients using the MetaTrader 4 (MT4) platform in Japan.
In the midst of the 2021 crypto and NFT boom, celebrities flocked to the burgeoning market of digital assets, promoting Non-Fungible Tokens (NFTs) as the next big thing. Fast forward to 2024, the glitter has faded, and many celebrity-endorsed NFTs have lost their allure. The question remains: what happened to celebrities’ NFTs, and why should this serve as a stark reminder for everyday investors?
Updated forex analysis shows USD weakness, focusing on key levels like EUR/USD, DXY bearish trend, and pivot points for major currency pairs.