JERSEY CITY, N.J., March 13, 2025 /PRNewswire/ — Moomoo’s parent company Futu Holdings Ltd. (“Futu” or “the Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, announced its unaudited Q4 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 net income, a 105.4% YoY increase.
For the year ended December 31, 2024, the Company recorded US$1.75 billion in revenues and US$742.6 million in non-GAAP adjusted net 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 robust growth in user and client acquisition for Q4, posting over 25 million global users at the year end that includes 2.41 million paying clients, up 16% and 41% YoY respectively. Total client assets achieved US$95.7 billion with a YoY increase of 53%. In the full year of 2024, the Company acquired over 701 thousand new paying clients, representing 127% of its full-year guidance.
The Company sustained robust growth momentum across all markets where moomoo operates. Q4 marked the strongest quarter in users and paying clients growth in Singapore over the past 10 quarters, while double-digit increases in both metrics were recorded in Japan, Canada, Malaysia and Australia. In terms of client assets, all markets experienced a double-digit quarterly rise, with newly penetrated markets such as Japan, Canada, and Malaysia reporting a high growth rate.
In Hong Kong, where its platform is known as Futubull, the Company further strengthened its market-leading position this quarter. The user base continued to expand, now reaching over half of the local adult population. The quarter-over-quarter growth in paying clients reached the highest level in recent three years, with the year-end average client assets ascending to a …