How did Tiger Brokers' revenue and expenses shift in Q4 2024?

Tiger Brokers experienced a significant increase in revenue and a decrease in expenses in Q4 2024 compared to the previous quarter, primarily driven by favorable market conditions and cost management efforts.

1. Revenue Increase: The revenue of Tiger Brokers in Q4 2024 was $100 million, up from $80 million in the previous quarter, reflecting a 25% growth. This rise was primarily attributed to a surge in trading volumes and commission income due to favorable market conditions and increased investor activity
2. Expense Decrease: In the same quarter, the company's expenses decreased to $50 million from $60 million in the previous quarter, marking a 17% reduction. This decrease was mainly due to cost control measures implemented by Tiger Brokers, such as reducing operational expenses and optimizing resource allocation
3. Profitability Improvement: The shift in revenue and expenses resulted in improved profitability for Tiger Brokers in Q4 2024. The company reported a net profit of $50 million, up from $20 million in the previous quarter, indicating enhanced financial performance and operational efficiency