Mittwoch, 19.05.2021 12:00 von PR Newswire | Aufrufe: 216

Futu added 273,000 net paying clients in 2021 Q1, reflects 7x growth YoY

pixabay.com

PR Newswire

Operational highlights of the unaudited financial results for the first quarter ended March 31, 2021:

  • Total revenue in the first quarter increased 349.4% year-over-year ("YoY") to $283.6 million, achieving triple-digit growth for five consecutive quarters.
  • Non-GAAP adjusted net income[1] was up 6.3 times YoY to $151.7 million.
  • The number of Futu users reached 14.2 million, an increase of 69.7% YoY; the number of registered clients reached 1,957,436, an increase of 140.2% YoY; the number of Futu's paying clients reached 789,652, an increase of 231.0% YoY.
  • During Q1, Futu's total trading volume soared 277.5% YoY to $289.0 billion.

PALO ALTO, Calif., May 19, 2021 /PRNewswire/ -- Futu Holdings Limited ("Futu" or the "Company") (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, announces its unaudited financial results for the first quarter ended March 31, 2021 ("Q1").

Futu continued to deliver strong growth during Q1, with total revenues increasing 349.4% year- over-year ("YoY") to $283.6 million, reflecting triple-digit growth for five consecutive quarters. Non-GAAP adjusted net income was up 6.3 times YoY to $151.7 million.

Relying on its superior product experience and laser focus on meeting diverse investment needs, the Company achieved historic business expansion worldwide. As of the first quarter, the total number of paying clients increased 231.0% YoY to 789,652. Net paying client addition was approximately 273,000, almost a 7x increase compared to the 40,000 net paying client addition recorded for the first quarter of 2020. Seventy percent of new net paying clients came from high growth markets – namely Hong Kong, Singapore and the US; the total number of users increased 69.7% YoY to 14.2 million, and the number of registered clients increased 140.2% YoY to 1,957,436. In addition to rapid client base expansion, client retention remained high at 98.2% during Q1. And  as of March 31, 2021 total client assets reached $59.4 billion, a YoY increase of 367.6%. In the first quarter, clients' trading activity continued to thrive with Daily Average Revenue Trades (DARTs) increasing 321.0% YoY to 902,533.

Mehr Nachrichten zur Futu Holdings Aktie kostenlos abonnieren

Werbung
E-Mail-Adresse
Benachrichtigungen von ARIVA.DE
(Mit der Bestellung akzeptieren Sie die Datenschutzhinweise)

Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.

Andere Nutzer interessierte auch dieser Artikel: