Futu Holdings Limited reports developments for a tech-driven online brokerage and wealth management platform whose American depositary shares trade on Nasdaq under FUTU. Through Futubull and Moomoo, the company offers digital investment services that include trade execution and clearing, margin financing and securities lending, wealth management, social investing tools, and corporate services such as IPO distribution.
Recurring news covers quarterly and annual results, account and client-asset trends, trading activity across U.S. and Hong Kong markets, interest income, brokerage commissions, product launches, platform partnerships, financial-education initiatives, and capital actions such as ADS dividends. Updates also describe Moomoo capabilities in AI-assisted workflows, market data, paper trading, and access to new public-equity structures.
Futu Holdings Limited (Nasdaq: FUTU) reported impressive Q2 financial results for the period ending June 30, 2021. Total revenues soared by 129.3% YoY to $203.1 million, marking six consecutive quarters of triple-digit growth. Non-GAAP adjusted net income rose 126.7% YoY to $70.9 million. User growth was significant, with 15.5 million total users and a 230.2% increase in paying clients to 1 million. Additionally, Futu secured an S&P investment grade credit rating of BBB- and was added to the MSCI Hong Kong Index.
Futu Holdings Limited (Nasdaq: FUTU) reported robust operational and financial growth for Q2 2021. Total revenues reached HK$1,576.9 million, up 129.3% year-over-year, while net income rose 125.8% to HK$533.9 million. The number of paying clients surged 230.2% to 1,000,795, and client assets increased by 253.5% to HK$503.2 billion. Key growth drivers included a significant rise in trading volume, particularly in US stocks, and enhancements in wealth management offerings. The company aims to leverage its market position in Hong Kong and expand in Singapore.
Futu Holdings Limited (NASDAQ: FUTU) announced it will report its Q2 2021 financial results before U.S. markets open on August 31, 2021. The company will hold an earnings conference call the same day at 7:30 AM U.S. Eastern Time. Participants need to pre-register for the call and will receive confirmation emails with access details. Following the call, a replay will be available until September 8, 2021. Futu is transforming the investment experience through its digitized brokerage platform, serving the emerging affluent population in wealth management.
Futu Holdings Limited (Nasdaq: FUTU) has received a 'BBB' investment grade long-term issuer credit rating from S&P Global Ratings, marking it as the first online brokerage in APAC to achieve this rating. The stable outlook reflects S&P's expectations of Futu's continued competitive position in the online brokerage sector and robust capital adequacy. Since launching in Singapore on March 8, 2021, Futu has gained over 220,000 registered users, with more than 100,000 paying clients in under three months. This recognition strengthens Futu's capacity to lower financing costs in international markets.
Futu Holdings Limited (Nasdaq: FUTU) has received a long-term issuer credit rating of "BBB-" from S&P Global Ratings, with a stable outlook, marking the first standalone investment grade rating for a Hong Kong-based broker. This rating reflects Futu's strong market position in Hong Kong's brokerage market, solid capitalization, and effective risk controls. S&P expects Futu to maintain capital adequacy for growth and highlights its potential to expand into overseas markets, supported by synergies with Tencent, its second-largest shareholder.
PALO ALTO, Calif., June 2, 2021 /PRNewswire/ -- Moomoo Inc., a subsidiary of Futu Holdings Limited (Nasdaq: FUTU), launched its Moomoo Ambassador referral program on June 1, 2021. This initiative allows users to refer new customers and earn free stocks valued between $8 and $1,000 via a lucky draw. Ambassadors can earn additional rewards with more successful referrals. Notably, from June 1 to July 1, 2021, Ambassadors can guarantee a share of Apple stock (AAPL) for referring two new users with qualified deposits. Moomoo boasts over 14 million users and reported 368% year-over-year revenue growth in Q1 2021.
Moomoo Inc. announced that its affiliate, Futu Singapore Pte. Ltd., has surpassed 100,000 paying clients and boasts a total user base of over 220,000 in Singapore as of June 1, 2021. The platform, launched on March 8, 2021, is rapidly gaining traction among investors, particularly Gen Z and Millennials, who favor self-directed trading. Over 40% of paying clients are interested in US markets. The platform offers an interactive community experience, facilitating social sharing and investment education.
Futu Holdings Limited (Nasdaq: FUTU) has reached a significant milestone with over 100,000 paying clients in Singapore, following the launch of its moomoo platform on March 8, 2021. Futu Singapore Pte. Ltd. offers capital markets products and services and is backed by the Capital Markets Services license from Singapore’s Monetary Authority since October 1, 2020. As a tech-driven online brokerage, Futu aims to enhance the investing experience for the emerging affluent through its digital platforms, Futubull and moomoo, which provide comprehensive trading and analytical capabilities.
Futu Holdings Limited (Nasdaq: FUTU) reported outstanding results for Q1 2021, with total revenue soaring 349.4% YoY to $283.6 million, marking triple-digit growth for five quarters. Non-GAAP adjusted net income surged 6.3 times to $151.7 million. The user base expanded to 14.2 million, a 69.7% increase, with paying clients rising 231.0% to 789,652. Trading volume jumped 277.5% YoY to $289.0 billion, driven by U.S. stocks, which made up 63% of this volume.
Futu Holdings Limited reported exceptional growth in its unaudited first quarter 2021 financial results, with total revenues soaring by 349.4% year-over-year to HK$2,204.6 million (US$283.6 million). The company achieved a remarkable 372.6% increase in gross profit, reaching HK$1,761.4 million (US$226.6 million). Net income surged by 6.5 times to HK$1,162.3 million (US$149.5 million). The number of paying clients climbed to 789,652, up 231.0% year-over-year, with total client assets hitting HK$462.2 billion, a 367.6% increase. Futu's strong performance is supported by significant client base expansion and robust trading activities.