Futu Holdings GAAP EPADS of $1.11 beats by $0.12, revenue of $400.7M beats by $32.71M
by
Contributor since / Followers
Contributor since / Followers
3 months ago
- Futu Holdings press release (NASDAQ:FUTU): Q2 GAAP EPADS of $1.11 beats by $0.12.
- Revenue of $400.7M (+25.9% Y/Y) beats by $32.71M.
- Total number of paying clients increased 28.8% year-over-year to 2,042,313 as of June 30, 2024.
- Total number of registered clients increased 19.1% year-over-year to 4,045,703 as of June 30, 2024.
- Total number of users increased 13.3% year-over-year to 23.3 million as of June 30, 2024.
- Total client assets increased 24.3% year-over-year to HK$579.3 billion as of June 30, 2024.
- Daily average client assets were HK$560.0 billion in the second quarter of 2024, an increase of 24.4% from the same period in 2023.
- Total trading volume in the second quarter of 2024 increased by 69.0% year-over-year to HK$1.62 trillion.
- Daily average revenue trades in the second quarter of 2024 increased 67.4% year-over-year to 652,286.
- Margin financing and securities lending balance increased 28.8% year-over-year to HK$43.8 billion as of June 30, 2024.
- “Given the strong year-to-date momentum, we would like to raise our guidance again to 550 thousand new paying clients in 2024.”