Welcome to our dedicated page for Futu Holdings American Depositary Shares news (Ticker: FUTU), a resource for investors and traders seeking the latest updates and insights on Futu Holdings American Depositary Shares stock.
Futu Holdings Limited (Nasdaq: FUTU) is a leading technology company revolutionizing the investing experience through its fully digitalized brokerage and wealth management platform. The company operates primarily through its proprietary applications, Futubull and Moomoo, offering seamless access to trading services on mobile devices, tablets, and desktops.
Futu provides a comprehensive range of investment services, including trade execution, margin financing, and securities lending. Clients can trade a diverse array of securities such as stocks, warrants, options, and exchange-traded funds (ETFs) across multiple markets, including Hong Kong, Mainland China, Singapore, and the United States.
One of the key differentiators of Futu's platform is its robust integration of market data, news, and research, coupled with powerful analytical tools. These features empower users to make informed investment decisions efficiently. In addition to its advanced trading capabilities, Futu has embedded social media tools within its platforms, creating a vibrant ecosystem that connects users, investors, companies, analysts, media, and key opinion leaders.
Recent achievements underscore Futu's strategic growth and commitment to innovation. As of the fourth quarter of 2023, the company reported revenues of $303.8 million, marking a 4.1% year-over-year increase. For the full year 2023, revenues reached $1.281 billion with a net income of $585.1 million, representing a significant year-over-year growth of 31.4% and 45.9%, respectively.
Futu's international brand, Moomoo, has been pivotal in the company's global expansion. As of the end of 2023, Moomoo had over 21.64 million global users and 1.71 million paying clients. With a strong presence in countries like the US, Singapore, Australia, Japan, Canada, and Malaysia, Moomoo has received numerous accolades, such as the Best Stock Trading App award from FinTech Breakthrough in 2024.
The company continues to expand its global footprint, recently launching services in Malaysia under Moomoo MY, which attracted over 30,000 new clients within a week. Moomoo Singapore (Moomoo SG) also achieved profitability in Q4 2023, with significant growth in its high-net-worth segment. Moomoo US has enhanced its offerings with collaborations like the one with CBOE Global Markets to provide index options products.
Futu Holdings Limited remains committed to advancing the financial technology landscape, providing innovative, user-friendly tools and services that meet the diverse needs of modern investors.
Futu Holdings Limited (Nasdaq: FUTU) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2022. The document is available on the Company’s investor relations website. Shareholders and ADS holders can request a free copy of the annual report containing audited consolidated financial statements by contacting the Investor Relations Department. Futu is a technology-focused online brokerage and wealth management platform that offers a variety of financial services like trading, margin financing, and wealth management through its digital platforms, Futubull and moomoo. The Company integrates social media tools to enhance user connectivity and offers corporate services, including IPO distribution.
Moomoo, a financial services platform, announced their virtual paper trading competition running from April 1 to April 30, 2023, as part of Financial Literacy Month. Participants can engage in simulated trading using $100,000 in virtual funds, allowing them to practice trading strategies without financial risk. To participate, users must download the moomoo app and register for the competition. The top 20 performers will receive cash coupons and all participants can access a one-month free trial of Benzinga Pro. Moomoo, a subsidiary of Futu Holdings Limited, aims to enhance financial education for its users.
Futu Holdings Limited (NASDAQ: FUTU) reported robust financial results for Q4 2022, with total revenues reaching
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