Futu Holdings Limited (NASDAQ: FUTU ) Q4 2024 Earnings Conference Call
On March 13, 2025, at 7:30 AM ET, Futu Holdings Limited (FUTU) held its Fourth Quarter and Full Year 2024 Earnings Conference Call. The call was led by Daniel Yuan, Head of Strategy and Investor Relations, Leaf Li, Chairman and CEO, Arthur Chen, CFO, and Robin Xu, Senior Vice President. Participants included analysts and investors from various financial institutions, including Emma Xu from Bank of America Securities, Cindy Wang from China Renaissance, Chiyao Huang from Morgan Stanley, Charles Zhou from UBS, You Fan from CICC, Peter Zhang from JP Morgan, and Zoey Zong from Jefferies, among others. Hanyang Wang from 86Research and Alan Chan from Citi, Jian Wang from Goldman Sachs were also present.
Company Performance
During the call, the company reported impressive financial results for the fourth quarter and full year 2024. FUTU’s total revenue for the fourth quarter was RMB 2.3 billion ($348 million), representing a 45% year-on-year increase. The net income attributable to Futu Holdings Limited was RMB 615.3 million ($93 million), up from RMB 184.4 million ($27.6 million) in the same period last year. The full-year revenue was RMB 7.4 billion ($1.1 billion), up from RMB 4.1 billion ($609 million) in 2023.
Business Updates
The company also provided updates on its business operations. Futu’s user base reached 14.5 million, up from 10.9 million at the end of 2023. The average number of trades per user was 212, up from 172 in the same period last year. The company’s commission income increased by 65% year-on-year to RMB 1.3 billion ($195 million).
Expansion Plans
Futu also announced its plans for expansion. The company will continue to invest in technology and research and development to enhance its platform and provide better services to its users. It will also expand its business in overseas markets, particularly in Southeast Asia and Europe. The company aims to become a leading global digital brokerage platform.
Impact on Individual Investors
The strong financial performance and expansion plans of Futu Holdings Limited could have a positive impact on individual investors. The company’s user base and revenue growth indicate a strong demand for its services. The expansion into overseas markets could provide new opportunities for growth and potentially increase the company’s market share. Additionally, the company’s investment in technology and research and development could lead to innovative features and services that could attract new users and retain existing ones.
Impact on the World
The strong performance of Futu Holdings Limited and the continued growth of the online brokerage industry as a whole could have significant implications for the global financial markets. Online brokerages are becoming increasingly popular as they offer convenience, lower costs, and access to a wider range of financial instruments than traditional brokerages. The expansion of Futu and other online brokerages into overseas markets could lead to increased competition and disruption in traditional financial markets.
Conclusion
Futu Holdings Limited’s Fourth Quarter and Full Year 2024 Earnings Conference Call provided insight into the company’s impressive financial performance and expansion plans. The strong revenue growth and user base expansion indicate a growing demand for the company’s services. The expansion into overseas markets could lead to new opportunities for growth and increased competition in traditional financial markets. Individual investors and the financial industry as a whole could benefit from these developments.
- Futu Holdings Limited reported strong financial results for Q4 and FY 2024, with revenue up 45% YoY and net income up 242% YoY
- The company’s user base reached 14.5 million, up from 10.9 million at the end of 2023
- Futu plans to expand its business in overseas markets and invest in technology and R&D
- Individual investors could benefit from the company’s growth and expansion plans
- The expansion of online brokerages into overseas markets could lead to increased competition and disruption in traditional financial markets
