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Futu records 42.3% increase in revenue for Q4 2022
Futu Holdings $Futu Holdings Ltd (FUTU.US)$, Moomoo's parent company, reported total revenues of US $292.3 million (HK $2.28 billion) and non-GAAP adjusted net income of US $130 million (HK $1.01 billion), both up 42.3% and 90.2% on a year-over-year basis.
The total number of users, a key metric of moomoo along with its sister brand Futubull increased 12.7% YoY to 19.58 million.
In Q4, paying customers decreased by 27% due to market uncertainty and market downturn. But zooming out, their total number of paying clients increased 19.5% year-over-year to 1.49 million.
What also speaks volume about their product is despite a challenging market backdrop, their average quarterly client retention rate in 2022 remained above 98%.
As a pioneering fintech brokerage in Hong Kong, Futu continues to strengthen its leading position by garnering higher recognition from investors of all ages in the fourth quarter. Its number of users continued to grow, representing 43% of the HK adult population. Additionally, investors aged 45 and above showed increased activity, with a 14% increase of trading frequency as compared to the previous quarter.
Looking into 2023, they intend to further their headcount on top of their 2,800 employees to support expansion into new international markets.
Sounded like a strong quarter for moomoo! What do you think?
Source: Yahoo Finance
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骨神 : Today should close 52-53 to be reasonable.