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HONG KONG -Futu Holdings Limited (NASDAQ:FUTU) reported fourth quarter earnings and revenue that beat analyst expectations on Thursday.
The company’s stock was up 4.54% in premarket trading following the release.
The tech-driven online brokerage and wealth management platform posted adjusted earnings per ADS of $1.72, surpassing the consensus estimate of $1.15. Revenue soared 86.8% year-over-year to $570.6 million, also topping expectations of $482 million.
Futu’s strong results were driven by robust growth across key metrics. Total (EPA:TTEF) paying clients increased 41% year-over-year to 2.41 million, while total client assets rose 53.1% to HK$743.3 billion. Trading volume in Q4 surged 201.7% to HK$2.89 trillion.
"In the fourth quarter, new paying clients increased by 39.1% quarter-over-quarter to 215 thousand, driven by sequential acceleration in client acquisition across all markets," said Leaf Hua Li, Futu’s Chairman and CEO.
The company saw particularly strong momentum in Hong Kong, Singapore and Malaysia. Net asset inflow continued to increase sequentially, with total client assets growing 7.2% quarter-over-quarter despite negative mark-to-market impacts.
Looking ahead, Futu guided for 800,000 net new paying clients in 2025, indicating continued strong growth expectations. The positive outlook, combined with the Q4 earnings beat, fueled investor optimism reflected in the stock’s jump.
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