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.

|code|Ticker|Name|Date|Total Revenue|Net Income|market_code|
|---|---|---|---|---|---|---|
|TIGR|TIGR.O|UP Fintech Holding|2024 Q1|7.8948492E7|1.2463555E7|185|
|TIGR|TIGR.O|UP Fintech Holding|2024 Q2|8.7437008E7|2744580|185|
|TIGR|TIGR.O|UP Fintech Holding|2024 Q3|1.0105408E8|1.7918645E7|185|
|TIGR|TIGR.O|UP Fintech Holding|2024 Q4|1.24101849E8|2.8227148E7|185|