JERSEY CITY, N.J., March 13, 2025 /CNW/ — Moomoo’s guardian firm Futu Holdings Ltd. (“Futu” or “the Firm”) (Nasdaq: FUTU), a number one tech-driven on-line brokerage and wealth administration platform, introduced its unaudited This fall 2024 earnings with US$570.6 million in revenues, up 86.8% year-over-year (“YoY”), and US$251.3 million in non-GAAP adjusted web earnings, a 105.4% YoY improve.
For the 12 months ended December 31, 2024, the Firm recorded US$1.75 billion in revenues and US$742.6 million in non-GAAP adjusted web earnings, representing a YoY improve of 35.8% and 26.2%, respectively.
A Deepened Globalization Technique Boosts Consumer Acquisition and Buying and selling Actions
The Firm reported sturdy development in person and consumer acquisition for This fall, posting over 25 million international customers on the 12 months finish that features 2.41 million paying purchasers, up 16% and 41% YoY respectively. Complete consumer property achieved US$95.7 billion with a YoY improve of 53%. Within the full 12 months of 2024, the Firm acquired over 701 thousand new paying purchasers, representing 127% of its full-year steering.
The Firm sustained sturdy development momentum throughout all markets the place moomoo operates. This fall marked the strongest quarter in customers and paying purchasers development in Singapore over the previous 10 quarters, whereas double-digit will increase in each metrics have been recorded in Japan, Canada, Malaysia and Australia. When it comes to consumer property, all markets skilled a double-digit quarterly rise, with newly penetrated markets comparable to Japan, Canada, and Malaysia reporting a excessive development price.
In Hong Kong, the place its platform is called Futubull, the Firm additional strengthened its market-leading place this quarter. The person base continued to increase, now reaching over half of the native grownup inhabitants. The quarter-over-quarter development in paying purchasers reached the very best stage in current three years, with the year-end common consumer property ascending to a report excessive, highlighting a continued asset influx from establishments and the personal wealth section.
Pushed by its diversification technique globally, the Firm’s buying and selling actions elevated notably throughout a number of property, bringing the This fall buying and selling quantity as much as an all-time excessive at US$371.5 billion. The overall quarterly buying and selling quantity for US shares surged by 195% YoY to a historic peak of over US$267 billion, and that for Hong Kong shares exceeded US$97 billion, representing a three-year excessive. Moreover, the Firm’s crypto buying and selling providers that have been launched in Singapore and Hong Kong continued to achieve traction, with the variety of merchants and buying and selling quantity each hovering in This fall. The typical deposit into crypto accounts elevated considerably, exhibiting rising confidence on this explicit asset amongst buyers.
The wealth administration enterprise additionally noticed speedy growth this quarter, with the property below administration surpassing US$14 billion, nearly doubling in dimension in comparison with 2023 year-end.
Consumer Engagement Propelled by Enhanced Product Capabilities and Ecosystem Improvement
In This fall, the Firm repeatedly optimized person expertise by way of a collection of product launches and upgrades. A redesigned desktop model of moomoo was launched, providing a extra tailor-made interface and superior options. In Japan, moomoo collaborated with the Japan Alternate Group to supply Japanese inventory choices buying and selling, and in Australia, moomoo is a pioneer in Australian inventory recurring funding plan. In Singapore and Hong Kong, the Firm established a bond buying and selling desk this quarter to assist purchasers execute massive and complicated bond orders.
As a worldwide model working in varied markets, moomoo is devoted to fostering an ecosystem that includes clear, high-quality content material and seamless communication amongst buyers, listed firms, media and different monetary companions. As a part of the worldwide strategic partnership initiatives between the Firm and Nasdaq, moomoo launched its inaugural International Paper Buying and selling Problem in This fall, assembling over 150,000 challengers worldwide and advancing monetary literacy by way of hands-on market training. Moreover, moomoo established international partnerships with well-known funding service suppliers comparable to TradingView and Searching for Alpha, creating worth for each moomoo customers and its companions. Merchants on the TradingView platform named moomoo as 2024 Greatest Inventory Dealer.
Bolstered by a extra built-in ecosystem, person engagement improved because the each day lively utilization on moomoo app considerably elevated throughout all markets, with a double-digit YoY rise in Singapore, Malaysia and Australia. The Firm additionally reported the variety of moomoo on-line course learners doubled in comparison with final quarter, consistent with the speedy surge in person actions throughout its platforms.
In This fall, the moomoo app secured the highest spot in Singapore and Malaysia amongst brokerages when it comes to gathered downloads and each day lively customers for quarters operating. In Australia, moomoo achieved a breakthrough, rating the highest by annual downloads for the primary time amongst native dealer apps. In Japan, moomoo maintained in second place by downloads for the second consecutive quarter. In Singapore, Japan and Malaysia, moomoo app continued to steer the trade by receiving the very best person scores on each Google Play and App Retailer*.
*Supply: knowledge.ai
About moomoo
Moomoo is a number one international funding and buying and selling platform devoted to empowering buyers with user-friendly instruments, knowledge, and insights. Our platform is designed to supply important info and expertise, enabling customers to make well-informed funding selections. With superior charting instruments, pro-level analytical options, moomoo evolves alongside our customers, fostering a dynamic neighborhood the place buyers can share, be taught, and develop collectively.
Based within the US, moomoo has expanded its international presence to serve buyers throughout a number of markets, together with Singapore, Australia, Japan, Canada, and Malaysia. As a subsidiary of a Nasdaq-listed firm, moomoo is trusted by over 25 million buyers worldwide and has earned recognition from main monetary establishments and publications for its innovation and reliability.
For extra info, please go to moomoo’s official web site at www.moomoo.com
View authentic content material to obtain multimedia:https://www.prnewswire.com/news-releases/moomoos-parent-company-futu-reports-strong-financial-growth-for-q4-and-full-year-2024-302400923.html
SOURCE moomoo
Featured Picture: depositphotos @ BiancoBlue
