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Dec 31, 2024
Futu Q4 2024 Earnings Report
Futu reported strong revenue and earnings growth in Q4 2024.
Key Takeaways
Futu achieved significant revenue growth of 86.8% YoY, driven by a surge in trading volume and strong performance across markets. Net income more than doubled, reflecting operational efficiency and increased client activity. Non-GAAP adjusted net income also saw substantial gains.
Total revenue increased by 86.8% YoY to $570.6 million.
Net income rose by 113.3% YoY to $240.7 million.
Non-GAAP adjusted net income grew 105.4% YoY to $251.3 million.
Operating margin improved to 50.0%, up from 43.1% in Q4 2023.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Futu expects continued growth in client acquisition and market expansion, with a focus on increasing profitability and operational efficiency.
Positive Outlook
- Projected net new paying clients of 800,000 in 2025.
- Continued strong asset inflow into U.S. equities and cash management products.
- Expansion of structured product offerings for high-net-worth clients.
- Anticipated market share growth in Hong Kong IPO subscriptions.
- Strong AI and technology sector trading expected to drive revenue.
Challenges Ahead
- Potential impact of market volatility on trading volume.
- Regulatory changes could affect operating conditions.
- Increasing competition in online brokerage services.
- Higher marketing expenses to sustain client acquisition growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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