Futu Holdings Records Solid Growth in Q3 with US$247.9 Million Total Revenues

Moomoo’s parent company Futu Holdings Limited (Nasdaq: FUTU) (“Futu”), a leading tech-driven digital brokerage and wealth management platform, reported stable growth for the third quarter ending September 30, 2022, with US$247.9 million (HK$1.95 billion) total revenues, and US$102.7 million (HK$806.1 million) non-GAAP adjusted net income.

Financial and strategic highlights of the third quarter:

● As of quarter end, the total number of users of moomoo and its sister brand Futubull increased 15.6% year-over-year to 19.15 million.

● Total number of registered clients increased 21.4% year-over-year to 3.13 million.

● Total number of paying clients increased 23.8% year-over-year to 1.45 million.

● The number of newly acquired paying clients in the third quarter was 58,000, with approximately 90% of them being from the United States, Hong Kong SAR, Singapore, Australia, etc.

● By the end of the third quarter, the total client assets amounted to US$47.1 billion (HK$369.6 billion). In Singapore, the total client assets increased by 77.8% year-over-year.

● The quarterly client retention rate remained high at 98%.

● Corporate and institutional services continued to thrive with IPO and IR clients totaling 301, an increase of 40% YoY. The number of ESOP clients reached 572, representing an increase of 76% YoY.

● Total client assets in its wealth management business reached US$3.31 billion (HK$25.97 billion) in the third quarter, representing a 46.7% growth YoY. The company has collaborated with 68 world-renowned global financial institutions in offering diverse fund products to clients, with two new partners onboarded this quarter.