Futu

Futu Announces Fourth Quarter and Full Year 2023 Unaudited Financial Results

Retrieved on: 
Thursday, March 14, 2024
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HONG KONG, March 14, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • HONG KONG, March 14, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023.
  • Daily average client assets were HK$470.3 billion in the fourth quarter of 2023, an increase of 22.8% from the same period in 2022.
  • Daily average revenue trades (DARTs)4 in the fourth quarter of 2023 declined 22.2% year-over-year to 369,729.
  • Brokerage commission and handling charge income was HK$904.0 million (US$115.7 million), a decrease of 13.8% from the fourth quarter of 2022.

Moomoo's Parent Company Futu Holdings Reports US$303.8 M and US$1.281 B in Revenues for Q4 and for Full Year 2023

Retrieved on: 
Thursday, March 14, 2024
Online, Futu, IP Australia, Candlestick, Apple, Growth, Muumuu, Best, Securities Commission Malaysia, Cash sweep, DAU, Fintech, Shithead (card game), Cboe Global Markets, Yoy, Investment, AUM, Quarter, Patent, Bursa Malaysia, CBOE

For the year ended December 31, 2023, the Company recorded US$1.281 billion in revenues and US$585.1 million in non-GAAP adjusted net income, representing a YoY increase of 31.4% and 45.9%, respectively.

Key Points: 
  • For the year ended December 31, 2023, the Company recorded US$1.281 billion in revenues and US$585.1 million in non-GAAP adjusted net income, representing a YoY increase of 31.4% and 45.9%, respectively.
  • During the full year 2023, the Company had acquired more than 220,000 new paying clients, including over 59,000 newly added in the fourth quarter, a growth of 41.0% compared to that of Q4 2022.
  • Meanwhile, the paying client retention rate remained strong at 98%, with the total client assets achieving US$62.164 billion, up 16.3% YoY.
  • (Based on Data.ai's comparison of stock trading apps on Apple and Google app stores as of December 31, 2023).

Futu to Report Fourth Quarter and Full Year 2023 Financial Results on March 14, 2024

Retrieved on: 
Wednesday, February 28, 2024
Conference, RSVP, Futu

HONG KONG, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the fourth quarter and full year ended December 31, 2023, before U.S. markets open on March 14, 2024.

Key Points: 
  • HONG KONG, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it will report its financial results for the fourth quarter and full year ended December 31, 2023, before U.S. markets open on March 14, 2024.
  • Futu's management will hold an earnings conference call on Thursday, March 14, 2023, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time).
  • Upon registering, all participants will be provided in confirmation emails with participant dial-in numbers and personal PINs to access the conference call.
  • Please dial in 10 minutes prior to the call start time using the conference access information.

Futu Announces Third Quarter 2023 Unaudited Financial Results

Retrieved on: 
Thursday, November 23, 2023
ADS, Marketing, Conference, Research, Magnificent, Acquisition, Ageing, ETF, Darts, Futu, RSVP, Traction, Share repurchase, IPO, American depositary receipt, Video game

HONG KONG, Nov. 23, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the third quarter ended September 30, 2023.

Key Points: 
  • HONG KONG, Nov. 23, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the third quarter ended September 30, 2023.
  • Daily average client assets were HK$480.6 billion in the third quarter of 2023, an increase of 15.4% from the same period in 2022.
  • Daily average revenue trades (DARTs)4 in the third quarter of 2023 declined 7.2% year-over-year to 416,005.
  • Net income margin for the third quarter of 2023 expanded to 41.2% from 38.8% in the year-ago quarter, primarily due to strong topline growth and lower selling and marketing expenses.

Moomoo's Parent Company Futu Holdings Announces US$338.5 M in Revenues and US$147.9 M Non-GAAP Net Income for Q3 2023

Retrieved on: 
Thursday, November 23, 2023
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PALO ALTO, Calif., Nov. 23, 2023 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd. ("Futu" or the "Company"), a leading tech-driven online brokerage and wealth management platform reported unaudited Q3 2023 earnings with US$338.5 million in revenues, up 36.2% year-over-year ("yoy"), and US$147.9 million in non-GAAP net income, a 43.7% yoy increase.

Key Points: 
  • PALO ALTO, Calif., Nov. 23, 2023 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd. ("Futu" or the "Company"), a leading tech-driven online brokerage and wealth management platform reported unaudited Q3 2023 earnings with US$338.5 million in revenues, up 36.2% year-over-year ("yoy"), and US$147.9 million in non-GAAP net income, a 43.7% yoy increase.
  • In August, Standard & Poor's ("S&P") reaffirmed Futu's long-term issuer credit rating "BBB-", endorsing the firm's strong capital structure and effective risk management.
  • Moomoo, a leading global financial service brand of Futu, operates across the US, Singapore, Australia, Japan, Canada and beyond.
  • During the third quarter, moomoo launched US stock trading services in Japan and Canada, marking a major step in its global expansion journey.

Trading Platform Moomoo Helps You "Find Your Trading Power" Through 11 Star Features

Retrieved on: 
Monday, October 23, 2023
PALO, Research, Friends, Participation, Muumuu, Investment, Futu, Cryptocurrency, Heat map

It aims to encourage investors to discover more trading tools on moomoo that can help boost their trading power by providing educational courses and insightful analytical tools.

Key Points: 
  • It aims to encourage investors to discover more trading tools on moomoo that can help boost their trading power by providing educational courses and insightful analytical tools.
  • From Oct. 11 to Nov.5, moomoo users who have used any of the 11 moomoo star features will be given two chances to vote for their top 3 features through a mini game ( https://anniversary.us.moomoo.com/11th ).
  • The 11 star features are just a few of the main outcomes from moomoo's significant investments in research and development.
  • Here is some feedback from moomoo users regarding their use of the 11 features.

Moomoo's Parent Company Futu Holdings Posts US$317.1 M Revenues and US$152.3 M Non-GAAP Net Income for Q2 2023

Retrieved on: 
Thursday, August 24, 2023
Social responsibility, SBS, Patent, IOP, Futu, ETF, IPO, Partnership, Muumuu, CSOP, PALO, University, Singapore Exchange, United States patent law, Research, Asset, Macquarie University, Silicon, AUM, The Ultimate Collection (Solution album), Radio, ESG, Investment, NYSE, Video game, Cryptocurrency, Tutoring, Mobile phone

PALO ALTO, Calif., Aug. 24, 2023 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd. ("Futu"), a leading tech-driven online brokerage and wealth management platform, released its unaudited Q2 2023 earnings result, posting US$317.1 million total revenues and US$152.3 million non-GAAP net income.

Key Points: 
  • PALO ALTO, Calif., Aug. 24, 2023 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd. ("Futu"), a leading tech-driven online brokerage and wealth management platform, released its unaudited Q2 2023 earnings result, posting US$317.1 million total revenues and US$152.3 million non-GAAP net income.
  • Established in California's Silicon Valley in 2018, moomoo strives to be the leading worldwide financial service platform under Futu Holdings.
  • In the second quarter, moomoo continued its growth journey by venturing into Malaysia, marking our presence in a fifth market.
  • During the second quarter, moomoo garnered recognition from an increasing number of global users and partners.

Futu Announces Second Quarter 2023 Unaudited Financial Results

Retrieved on: 
Thursday, August 24, 2023
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HONG KONG, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the second quarter ended June 30, 2023.

Key Points: 
  • HONG KONG, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the second quarter ended June 30, 2023.
  • Daily average client assets were HK$450.1 billion in the second quarter of 2023, an increase of 18.3% from the same period in 2022.
  • Daily average revenue trades (DARTs)4 in the second quarter of 2023 declined 32.1% year-over-year to 389,748.
  • Net income margin for the second quarter of 2023 expanded to 45.1% from 36.7% in the year-ago quarter primarily due to strong topline growth and lower selling and marketing expenses.

S&P Expects A Steady Increase in Futu's Overseas Client Base, Reaffirms Its BBB- Rating

Retrieved on: 
Monday, August 14, 2023
Futu, S&P, S&P Global Ratings, Cryptocurrency

In S&P's report, Futu was expected to steadily grow its client base over the next two years, particularly in overseas markets.

Key Points: 
  • In S&P's report, Futu was expected to steadily grow its client base over the next two years, particularly in overseas markets.
  • S&P believes that Futu will be able to continue serving its existing mainland client base.
  • The rating agency reiterated Futu's good share in Hong Kong's retail brokerage market along with strong capitalization and adequate risk controls.
  • Futu announced its overseas subsidiaries expanded footprints into Canada in August, after its outreach in the US, Singapore, Australia, and other markets.

FUTU ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of August 11, 2023 in the Class Action Filed on Behalf of Futu Holdings Limited Shareholders

Retrieved on: 
Friday, August 11, 2023
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NEW YORK, Aug. 11, 2023 (GLOBE NEWSWIRE) -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Futu Holdings Limited (NASDAQ: FUTU) alleging that the Company violated federal securities laws.

Key Points: 
  • NEW YORK, Aug. 11, 2023 (GLOBE NEWSWIRE) -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Futu Holdings Limited (NASDAQ: FUTU) alleging that the Company violated federal securities laws.
  • WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Futu you have until August 11, 2023 to petition the court for lead plaintiff status.
  • Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
  • HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the FUTU lawsuit, please contact J. Klein, Esq.