Futu Holdings GAAP EPADS of $1.21 in-line, revenue of $442.3M beats by $20.1M
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1 month ago
- Futu Holdings press release (NASDAQ:FUTU): Q3 GAAP EPADS of $1.21 in-line.
- Non-GAAP adjusted net income increased 20.8% year-over-year to $180.0 million.
- Revenue of $442.3M (+29.6% Y/Y) beats by $20.1M.
- Total number of paying clients increased 33.1% year-over-year to 2,196,647 as of September 30, 2024.
- Total number of registered clients increased 22.8% year-over-year to 4,284,786 as of September 30, 2024.
- Total number of users increased 14.4% year-over-year to 24.1 million as of September 30, 2024.
- Total client assets increased 48.1% year-over-year to HK$693.4 billion as of September 30, 2024.
- Daily average client assets were HK$593.2 billion in the third quarter of 2024, an increase of 23.4% from the same period in 2023.
- Total trading volume in the third quarter of 2024 increased by 74.7% year-over-year to HK$1.90 trillion, in which trading volume for U.S. stocks was HK$1.53 trillion, and trading volume for Hong Kong stocks was HK$347.7 billion.
- Daily average revenue trades (DARTs) in the third quarter of 2024 increased 68.0% year-over-year to 698,811.
- Margin financing and securities lending balance increased 25.5% year-over-year to HK$40.6 billion as of September 30, 2024.