IG Group sees Q3 Revenue leap 9%

A very strong December led to solid Q3 Revenues for IG.

UK spreadbetting firm IG Group (LON:IGG) issued its Interim Management Statement for Q3 2014 (IG has a May 31 year end, so Q3 ended February 28), giving us a peek into revenues the past three months, and they were fairly strong. 

IG Revenues hit £96.7 million ($161 million), up 9% from Q2 and also from Q3 last year (which had similar revenues of £89 million). IG attributed the increase to a very strong December, normally a slow month in online trading.

IG saw nice revenue increases in each of its major geographic regions. UK revenues were up 11%, Australia was up 6% and Continental Europe up 19%. IG did see a 7% decrease in other areas, though.

IG Q3 revenue

IG’s strong Q3 follows a slow Q2 for IG, in which Revenues fell 5% and IG reported slow adoption of its MT4 offering.

To see the complete IG press release on preliminary Q3 results click here (pdf).

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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IG Group sees Q3 Revenue leap 9%


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