March 14, 2025
Futu Holdings, the parent company of Moomoo, has released its unaudited Q4 2024 earnings report, revealing a remarkable 86.8% year-over-year revenue growth, totaling $570.6 million. The company’s non-GAAP adjusted net income surged 105.4% YoY, reaching $251.3 million.
For the full year 2024, Futu Holdings recorded $1.75 billion in revenue, a 35.8% increase YoY, while non-GAAP net income grew 26.2% YoY to $742.6 million.
Key Growth Metrics: Expansion Across Markets
Futu’s global user base exceeded 25 million by the end of Q4, with paying clients increasing by 41% YoY to 2.41 million. Client assets grew 53% to $95.7 billion, surpassing the company’s expectations.
Market Highlights
- Singapore saw its highest user and client growth in 10 quarters.
- Japan, Canada, Malaysia, and Australia posted double-digit user gains.
- Futubull (Hong Kong platform) reported a three-year high in client growth, with total trading volume reaching $371.5 billion.
- U.S. stock trading surged 195% YoY to $267 billion, while Hong Kong stock trading hit $97 billion, marking its highest volume in three years.
- Crypto trading in Singapore and Hong Kong saw a rise in activity, with higher average deposits into crypto accounts.
- Wealth management assets under management (AUM) exceeded $14 billion, nearly doubling from the previous year.
Product Innovations and Strategic Partnerships
Moomoo has expanded its product offerings, improving the user experience and integrating new tools for retail traders:
- A redesigned desktop interface for Moomoo traders.
- Expanded stock trading options in Japan and Australia.
- New bond trading desk in Singapore and Hong Kong for handling larger, complex orders.
Moomoo’s Strategic Partnerships Strengthen Its Market Position
Moomoo x TradingView: Streamlining Trading Execution
Moomoo partnered with TradingView, the leading charting platform and social network for traders, to provide direct trade execution for clients in Singapore and Malaysia.
- Users can analyze, strategize, and execute trades within TradingView without switching platforms.
- TradingView’s suite includes 110+ drawing tools, 400 pre-built indicators, and thousands of community-generated strategies.
- This integration enhances workflow efficiency for Asia-Pacific (APAC) investors, where demand for data-driven trading solutions is surging.
Moomoo x Seeking Alpha: Exclusive Stock Research Benefits for Users
Moomoo also partnered with Seeking Alpha to bring premium research tools to users in the US, Canada, Singapore, Japan, and Hong Kong.
- Exclusive Offer: Clients who sign up for an annual subscription to Alpha Picks receive a $250 Cash Reward, credited directly to their Moomoo accounts.
- Seeking Alpha’s Alpha Picks delivers:
- Monthly stock recommendations based on quantitative analysis.
- Sell alerts when stock ratings change.
- Transparency and real-time portfolio performance tracking.
New Seeking Alpha users who open a Moomoo brokerage account can access exclusive incentives, including free stocks and cash rewards, tailored to different markets.
Moomoo’s Global Trading Competitions and Engagement
The Global Paper Trading Challenge, launched in Q4 2024, attracted over 150,000 participants, reinforcing Moomoo’s commitment to financial education and trading skill development.
The Moomoo app dominated brokerage rankings in Singapore and Malaysia, achieving record-breaking daily active users. In Australia, the platform secured its highest-ever ranking, with double-digit YoY growth in user engagement.
A Record-Breaking Year for Futu Holdings and Moomoo
With strong revenue growth, expanding global user adoption, and major platform enhancements, Futu Holdings and Moomoo are poised for continued success in 2025.
For more information on Moomoo’s latest updates and trading innovations, visit www.moomoo.com.