Futu's Q4 and Full Year 2024 Results: A Glimpse into the Future of Digital Brokerage

Futu Holdings Limited (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, has announced that it will report its financial results for the fourth quarter and full year ended December 31, 2024, before U.S. markets open on March 13, 2025. The company's management will host an earnings conference call on the same day at 7:30 AM U.S. Eastern Time (7:30 PM Beijing/Hong Kong Time). All participants must pre-register for the call using the provided registration link, which will lead to the "Futu Holdings Fourth Quarter and Full Year 2024 Earnings Conference Call" registration page. Upon registration, participants will receive confirmation emails containing dial-in numbers and personal PINs to access the conference call. A live and archived webcast of the call will also be available on the company's investor relations website.

Futu's international expansion strategy has significantly contributed to its financial growth in the past quarter. The company's overseas brand, moomoo, has made remarkable strides in global markets, with a significant increase in registrations, account opening, and client acquisition in Singapore. Moomoo has also topped download charts, DAU, and app rating in several overseas markets, driving client acquisition and retention. In addition, the number of new clients acquired in Japan and Canada both doubled in the past quarter, demonstrating the success of Futu's international expansion strategy in these markets.



The launch of Japanese stock trading in Hong Kong, Singapore, and Japan has enriched Futu's product lineup and broken geographical restrictions, providing investors with an all-round trading experience and broadened horizons. This move has helped Futu maintain its position as the leading retail brokerage in Hong Kong with the highest trading volume, as well as top the download charts of Hong Kong stock trading apps and rank first among its peers in terms of DAU in the quarter.



Futu's client acquisition and retention rates have seen significant growth, with 177,161 new paying clients added in the first quarter, representing a 330.8% increase compared to the previous year. The client retention rate stayed high above 98%. Several key drivers contribute to this growth, including product innovation and expansion, strong performance in key markets, robust fund business growth, international expansion, financial education, and technology. Futu's commitment to promoting financial education through technology and its platform has helped create value for society and attract new clients.

Futu's product innovation, such as the launch of Japanese stock trading, has significantly contributed to its competitive advantage in the Hong Kong market and beyond. By offering Japanese stock trading in Hong Kong, Futu has enriched its product lineup and broken geographical restrictions, providing Hong Kong investors with an all-round trading experience and broadened horizons. This move has helped Futu maintain its position as the leading retail brokerage in Hong Kong with the highest trading volume, as well as top the download charts of Hong Kong stock trading apps and rank first among its peers in terms of DAU in the quarter.



In conclusion, Futu's upcoming financial results for the fourth quarter and full year ended December 31, 2024, will provide valuable insights into the company's growth and future prospects. With its strong international expansion strategy, innovative product offerings, and commitment to financial education, Futu is well-positioned to continue growing its client base and retaining clients in the long term. Investors and stakeholders should pay close attention to these results, as they will offer a glimpse into the future of digital brokerage and wealth management.