Team moomoo wrote a post · May 19, 2021 04:02

Futu Q1 2021 Earnings Snapshot: Revenue up 349.4% YoY

Futu Holdings Limited $Futu Holdings Ltd(FUTU.US)$ announces its unaudited financial results for the first quarter ended March 31, 2021 (“Q1”).

Highlights:
•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 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.