Moomoo’s Parent Company Futu Reports Strong Financial | Crypto News

JERSEY CITY, N.J., March 13, 2025 /CNW/ — Moomoo’s mum or dad company Futu Holdings Ltd. (“Futu” or “the Company”) (Nasdaq: FUTU), a main tech-driven online brokerage and wealth management platform, introduced its unaudited This autumn 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 internet income, a 105.4% YoY increase.

For the 12 months ended December 31, 2024, the Company recorded US$1.75 billion in revenues and US$742.6 million in non-GAAP adjusted internet income, representing a YoY increase of 35.8% and 26.2%, respectively.

A Deepened Globalization Strategy Boosts Client Acquisition and Trading Activities

The Company reported sturdy growth in consumer and shopper acquisition for This autumn, posting over 25 million world customers on the 12 months finish that features 2.41 million paying purchasers, up 16% and 41% YoY respectively. Total shopper property achieved US$95.7 billion with a YoY increase of 53%. In the total 12 months of 2024, the Company acquired over 701 thousand new paying purchasers, representing 127% of its full-year steerage.

The Company sustained sturdy growth momentum throughout all markets the place moomoo operates. This autumn marked the strongest quarter in customers and paying purchasers growth in Singapore over the previous 10 quarters, whereas double-digit will increase in each metrics have been recorded in Japan, Canada, Malaysia and Australia. In phrases of shopper property, all markets skilled a double-digit quarterly rise, with newly penetrated markets reminiscent of Japan, Canada, and Malaysia reporting a high growth fee.

In Hong Kong, the place its platform is named Futubull, the Company additional strengthened its market-leading place this quarter. The consumer base continued to broaden, now reaching over half of the native grownup population. The quarter-over-quarter growth in paying purchasers reached the best stage in latest three years, with the year-end average shopper property ascending to a file high, highlighting a continued asset influx from establishments and the personal wealth phase.

Driven by its diversification strategy globally, the Company’s trading actions elevated notably throughout a number of property, bringing the This autumn trading quantity up to an all-time high at US$371.5 billion. The whole quarterly trading 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 high. Additionally, the Company’s crypto trading providers that have been launched in Singapore and Hong Kong continued to gain traction, with the quantity of merchants and trading quantity each hovering in This autumn. The average deposit into crypto accounts elevated considerably, displaying growing confidence on this specific asset amongst buyers.

The wealth management business additionally noticed fast enlargement this quarter, with the property beneath management surpassing US$14 billion, nearly doubling in dimension in comparison with 2023 year-end.

User Engagement Propelled by Enhanced Product Capabilities and Ecosystem Development

In This autumn, the Company repeatedly optimized consumer expertise by means of a collection of product launches and upgrades. A redesigned desktop model of moomoo was launched, offering a more tailor-made interface and superior options. In Japan, moomoo collaborated with the Japan Exchange Group to offer Japanese stock choices trading, and in Australia, moomoo is a pioneer in Australian stock recurring investment plan. In Singapore and Hong Kong, the Company established a bond trading desk this quarter to help purchasers execute massive and sophisticated bond orders.

As a world model working in numerous 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 financial companions. As half of the worldwide strategic partnership initiatives between the Company and Nasdaq, moomoo launched its inaugural Global Paper Trading Challenge in This autumn, assembling over 150,000 challengers worldwide and advancing financial literacy by means of hands-on market training. Additionally, moomoo established world partnerships with well-known investment service suppliers reminiscent of TradingView and Seeking Alpha, creating worth for each moomoo customers and its companions. Traders on the TradingView platform named moomoo as 2024 Best Stock Broker.

Bolstered by a more built-in ecosystem, consumer engagement improved because the every day lively utilization on moomoo app considerably elevated throughout all markets, with a double-digit YoY rise in Singapore, Malaysia and Australia. The Company additionally reported the quantity of moomoo online course learners doubled in comparison with final quarter, in step with the fast surge in consumer actions throughout its platforms.

In This autumn, the moomoo app secured the highest spot in Singapore and Malaysia amongst brokerages in phrases of amassed downloads and every day lively customers for quarters operating. In Australia, moomoo achieved a breakthrough, rating the highest by annual downloads for the primary time amongst native broker 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 industry by receiving the best consumer rankings on each Google Play and App Store*.

*Source: knowledge.ai

About moomoo

Moomoo is a main world investment and trading platform devoted to empowering buyers with user-friendly instruments, knowledge, and insights. Our platform is designed to offer important info and technology, enabling customers to make well-informed investment selections. With superior charting instruments, pro-level analytical options, moomoo evolves alongside our customers, fostering a dynamic group the place buyers can share, study, and grow collectively.

Founded within the US, moomoo has expanded its world presence to serve buyers throughout a number of markets, together with Singapore, Australia, Japan, Canada, and Malaysia. As a subsidiary of a Nasdaq-listed company, moomoo is trusted by over 25 million buyers worldwide and has earned recognition from main financial establishments and publications for its innovation and reliability.

For more info, please go to moomoo’s official web site at www.moomoo.com

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