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JERSEY CITY, N.J., March 13, 2025 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd. ("Futu" or "the Company") (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, announced its unaudited Q4 2024 earnings with US$570.6 million in revenues, up 86.8% year-over-year ("YoY"), and US$251.3 million in non-GAAP adjusted net income, a 105.4% YoY increase.
For the year ended December 31, 2024, the Company recorded US$1.75 billion in revenues and US$742.6 million in non-GAAP adjusted net income, representing a YoY increase of 35.8% and 26.2%, respectively.
A Deepened Globalization Strategy Boosts Client Acquisition and Trading Activities
The Company reported robust growth in user and client acquisition for Q4, posting over 25 million global users at the year end that includes 2.41 million paying clients, up 16% and 41% YoY respectively. Total client assets achieved US$95.7 billion with a YoY increase of 53%. In the full year of 2024, the Company acquired over 701 thousand new paying clients, representing 127% of its full-year guidance.
The Company sustained robust growth momentum across all markets where moomoo operates. Q4 marked the strongest quarter in users and paying clients growth in Singapore over the past 10 quarters, while double-digit increases in both metrics were recorded in Japan, Canada, Malaysia and Australia. In terms of client assets, all markets experienced a double-digit quarterly rise, with newly penetrated markets such as Japan, Canada, and Malaysia reporting a high growth rate.
In Hong Kong, where its platform is known as Futubull, the Company further strengthened its market-leading position this quarter. The user base continued to expand, now reaching over half of the local adult population. The quarter-over-quarter growth in paying clients reached the highest level in recent three years, with the year-end average client assets ascending to a record high, highlighting a continued asset inflow from institutions and the private wealth segment.
Driven by its diversification strategy globally, the Company's trading activities increased notably across multiple assets, bringing the Q4 trading volume up to an all-time high at US$371.5 billion. The total quarterly trading volume for US stocks surged by 195% YoY to a historic peak of over US$267 billion, and that for Hong Kong stocks exceeded US$97 billion, representing a three-year high. Additionally, the Company's crypto trading services that were launched in Singapore and Hong Kong continued to gain traction, with the number of traders and trading volume both soaring in Q4. The average deposit into crypto accounts increased significantly, showing growing confidence in this particular asset among investors.
The wealth management business also saw rapid expansion this quarter, with the assets under management surpassing US$14 billion, almost doubling in size compared to 2023 year-end.
User Engagement Propelled by Enhanced Product Capabilities and Ecosystem Development
In Q4, the Company continuously optimized user experience through a series of product launches and upgrades. A redesigned desktop version of moomoo was released, offering a more tailored interface and advanced features. In Japan, moomoo collaborated with the Japan Exchange Group to offer Japanese stock options trading, and in Australia, moomoo is a pioneer in Australian stock recurring investment plan. In Singapore and Hong Kong, the Company established a bond trading desk this quarter to help clients execute large and complex bond orders.
As a global brand operating in various markets, moomoo is dedicated to fostering an ecosystem featuring transparent, high-quality content and seamless communication among investors, listed companies, media and other financial partners. As part of the global strategic partnership initiatives between the Company and Nasdaq, moomoo launched its inaugural Global Paper Trading Challenge in Q4, assembling over 150,000 challengers worldwide and advancing financial literacy through hands-on market education. Additionally, moomoo established global partnerships with well-known investment service providers such as TradingView and Seeking Alpha, creating value for both moomoo users and its partners. Traders on the TradingView platform named moomoo as 2024 Best Stock Broker.
Bolstered by a more integrated ecosystem, user engagement improved as the daily active usage on moomoo app significantly increased across all markets, with a double-digit YoY rise in Singapore, Malaysia and Australia. The Company also reported the number of moomoo online course learners doubled compared to last quarter, in line with the rapid surge in user activities across its platforms.
In Q4, the moomoo app secured the top spot in Singapore and Malaysia among brokerages in terms of accumulated downloads and daily active users for quarters running. In Australia, moomoo achieved a breakthrough, ranking the top by annual downloads for the first time among local broker apps. In Japan, moomoo maintained in second place by downloads for the second consecutive quarter. In Singapore, Japan and Malaysia, moomoo app continued to lead the industry by receiving the highest user ratings on both Google Play and App Store*.
*Source: data.ai
About moomoo
Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make well-informed investment decisions. With advanced charting tools, pro-level analytical features, moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together.
Founded in the US, moomoo has expanded its global presence to serve investors across multiple markets, including Singapore, Australia, Japan, Canada, and Malaysia. As a subsidiary of a Nasdaq-listed company, moomoo is trusted by over 25 million investors worldwide and has earned recognition from leading financial institutions and publications for its innovation and reliability.
For more information, please visit moomoo's official website at www.moomoo.com
JERSEY CITY, N.J., March 13, 2025 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd. ("Futu" or "the Company") (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, announced its unaudited Q4 2024 earnings with US$570.6 million in revenues, up 86.8% year-over-year ("YoY"), and US$251.3 million in non-GAAP adjusted net income, a 105.4% YoY increase.
For the year ended December 31, 2024, the Company recorded US$1.75 billion in revenues and US$742.6 million in non-GAAP adjusted net income, representing a YoY increase of 35.8% and 26.2%, respectively.
A Deepened Globalization Strategy Boosts Client Acquisition and Trading Activities
The Company reported robust growth in user and client acquisition for Q4, posting over 25 million global users at the year end that includes 2.41 million paying clients, up 16% and 41% YoY respectively. Total client assets achieved US$95.7 billion with a YoY increase of 53%. In the full year of 2024, the Company acquired over 701 thousand new paying clients, representing 127% of its full-year guidance.
The Company sustained robust growth momentum across all markets where moomoo operates. Q4 marked the strongest quarter in users and paying clients growth in Singapore over the past 10 quarters, while double-digit increases in both metrics were recorded in Japan, Canada, Malaysia and Australia. In terms of client assets, all markets experienced a double-digit quarterly rise, with newly penetrated markets such as Japan, Canada, and Malaysia reporting a high growth rate.
In Hong Kong, where its platform is known as Futubull, the Company further strengthened its market-leading position this quarter. The user base continued to expand, now reaching over half of the local adult population. The quarter-over-quarter growth in paying clients reached the highest level in recent three years, with the year-end average client assets ascending to a record high, highlighting a continued asset inflow from institutions and the private wealth segment.
Driven by its diversification strategy globally, the Company's trading activities increased notably across multiple assets, bringing the Q4 trading volume up to an all-time high at US$371.5 billion. The total quarterly trading volume for US stocks surged by 195% YoY to a historic peak of over US$267 billion, and that for Hong Kong stocks exceeded US$97 billion, representing a three-year high. Additionally, the Company's crypto trading services that were launched in Singapore and Hong Kong continued to gain traction, with the number of traders and trading volume both soaring in Q4. The average deposit into crypto accounts increased significantly, showing growing confidence in this particular asset among investors.
The wealth management business also saw rapid expansion this quarter, with the assets under management surpassing US$14 billion, almost doubling in size compared to 2023 year-end.
User Engagement Propelled by Enhanced Product Capabilities and Ecosystem Development
In Q4, the Company continuously optimized user experience through a series of product launches and upgrades. A redesigned desktop version of moomoo was released, offering a more tailored interface and advanced features. In Japan, moomoo collaborated with the Japan Exchange Group to offer Japanese stock options trading, and in Australia, moomoo is a pioneer in Australian stock recurring investment plan. In Singapore and Hong Kong, the Company established a bond trading desk this quarter to help clients execute large and complex bond orders.
As a global brand operating in various markets, moomoo is dedicated to fostering an ecosystem featuring transparent, high-quality content and seamless communication among investors, listed companies, media and other financial partners. As part of the global strategic partnership initiatives between the Company and Nasdaq, moomoo launched its inaugural Global Paper Trading Challenge in Q4, assembling over 150,000 challengers worldwide and advancing financial literacy through hands-on market education. Additionally, moomoo established global partnerships with well-known investment service providers such as TradingView and Seeking Alpha, creating value for both moomoo users and its partners. Traders on the TradingView platform named moomoo as 2024 Best Stock Broker.
Bolstered by a more integrated ecosystem, user engagement improved as the daily active usage on moomoo app significantly increased across all markets, with a double-digit YoY rise in Singapore, Malaysia and Australia. The Company also reported the number of moomoo online course learners doubled compared to last quarter, in line with the rapid surge in user activities across its platforms.
In Q4, the moomoo app secured the top spot in Singapore and Malaysia among brokerages in terms of accumulated downloads and daily active users for quarters running. In Australia, moomoo achieved a breakthrough, ranking the top by annual downloads for the first time among local broker apps. In Japan, moomoo maintained in second place by downloads for the second consecutive quarter. In Singapore, Japan and Malaysia, moomoo app continued to lead the industry by receiving the highest user ratings on both Google Play and App Store*.
*Source: data.ai
About moomoo
Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make well-informed investment decisions. With advanced charting tools, pro-level analytical features, moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together.
Founded in the US, moomoo has expanded its global presence to serve investors across multiple markets, including Singapore, Australia, Japan, Canada, and Malaysia. As a subsidiary of a Nasdaq-listed company, moomoo is trusted by over 25 million investors worldwide and has earned recognition from leading financial institutions and publications for its innovation and reliability.
For more information, please visit moomoo's official website at www.moomoo.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Moomoo's Parent Company Futu Reports Strong Financial Growth for Q4 and Full Year 2024
World's Leading Provider of Cutting-Edge Smart Ring Solutions
NEW YORK, May 10, 2026 /PRNewswire/ -- RingConn opened Gen 3 pre-orders on May 5th ahead of its official May 29th launch, marking the occasion with a feature on the iconic One Times Square billboard in New York City on the first day of pre-orders. The next-generation device combines holistic health tracking, subtle smart alerts, and new premium finishes, delivering an ultra-lightweight and slim design without compromising long battery life. To celebrate the launch, customers who pre-order through the official RingConn website can enjoy a limited-time 10% discount.*
Vascular Trend tracking
RingConn Gen 3 Smart Ring introduces advanced vascular insights, designed to help users observe long‑term vascular trends through continuous data collection.*
Built on over a decade of research in vascular algorithms and modeling, RingConn's vascular capability moves beyond single-point measurements to long-term trend-based assessment. The system requires periodic user calibration to ensure improved accuracy, with recommendations for calibration three times within the first 24 hours and monthly thereafter. By combining user-input blood pressure data with ring-derived vascular load indicators, the system provides a more comprehensive view of overall vascular health.
Once calibrated, Gen 3 enables automatic vascular load assessments during periods of sleep or low motion, allowing users to continuously track meaningful changes over time without frequent manual input. The system also incorporates key influencing factors—including circadian rhythm adaptation, sleep respiratory health, post-exercise vascular recovery, and overall daily vascular stability—to help users better understand the relationship between lifestyle and cardiovascular patterns.
Effortless 24/7 Wearability with Extended Battery Life
RingConn Gen 3 Smart Ring is designed for continuous and comfortable wear, with a fully upgraded experience centered on durability and long-term usability. Featuring a refined ultra-lightweight form factor and enhanced engineering design, the device is built to seamlessly integrate into daily life, enabling consistent and uninterrupted health data tracking.
Powered by RingConn EcoPower Tech 2.0, the Gen 3 features an upgraded battery system and improved energy density, delivering up to 11–14 days of battery life in standard usage without vibration mode. This reduces charging frequency and supports continuous, long-term health monitoring with minimal interruption.
The ring adopts RingConn's proprietary ergonomic design, resulting in a lighter and thinner profile that conforms more naturally to the finger. With IP68 water resistance up to 100 meters, the Gen 3 is designed for durability in everyday use, enabling reliable performance across a wide range of real-life scenarios. Together, these features allow users to wear the device seamlessly through typing, handwashing, showering, swimming, and sleep - ensuring uninterrupted physiological data collection day and night.
A refined brushed finish, achieved through an advanced laser-engraving process, enhances the device's surface texture with greater precision and depth. The upgraded finishing process requires over 30% more production time compared to conventional methods, reflecting a higher level of craftsmanship. Expanded color options further enhance versatility, allowing the ring to blend naturally into both casual and professional environments while encouraging consistent daily wear.
Holistic Health Tracking
RingConn Gen 3 Smart Ring delivers comprehensive health tracking across multiple key dimensions, including sleep, sleep apnea, heart rate, blood oxygen, activity, stress, and women's health management such as menstrual cycle tracking and pregnancy preparation-related insights. Through continuous monitoring and long-term analysis, the device provides users with a more complete understanding of their health status over time, supporting more informed daily lifestyle decisions.
The system is powered by an advanced VCSEL infrared sensing solution, designed to enhance data stability and accuracy across a wide range of wearing conditions and real-world scenarios, strengthening the foundation for long-term health trend analysis. In internal testing, the system achieved a resting heart rate accuracy of ≥98.58%, a blood oxygen mean absolute error (MAE) of ≤0.95%, a step count accuracy of ≥97.20%, and a temperature accuracy of ±0.08°C, demonstrating strong performance in multi-dimensional health data capture.
Subtle Smart Alert
RingConn Gen 3 Smart Ring introduces subtle smart alerts to provide timely feedback when key health changes are detected. Through gentle vibration-based notifications, the device can also prompt users in scenarios such as prolonged inactivity or low battery, helping support more balanced daily usage and awareness. In quiet environments — such as during meetings or conversations — these silent notifications allow users to stay informed without disruptive sounds or attention-grabbing screen notifications.
The alert system is fully customizable, allowing users to enable or disable notifications based on personal preference. By prioritizing minimal disruption and silent vibration cues over intrusive alerts, RingConn ensures that health reminders remain discreet, context-aware, and seamlessly integrated into everyday life.
*Pre-order offer: The 10% limited-time discount is available exclusively at the RingConn official website from May 5 through June 10, 2026.
*This product is not intended to diagnose, treat, cure, or prevent any disease or medical condition. As a pre-diagnostic tool, the Gen 3 does not replace the diagnosis or treatment by a qualified healthcare professional.
For more information or to place a pre-order, visit:
https://bit.ly/ringconngen3
Follow RingConn on social media:
Instagram: https://bit.ly/ringconninstagram
TikTok: https://bit.ly/ringconntiktok
About RingConn
Established in 2021, RingConn is a user-centric company, driven by continuous innovation, to provide professional, continuous, and thoughtful health monitoring products and services. RingConn is dedicated to becoming users' most trusted guardian for their physical and mental well-being.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
RingConn Gen 3 Smart Ring Opens for Pre-Order: Bringing Vascular Insights to Effortless Everyday Wear
RingConn Gen 3 Smart Ring Opens for Pre-Order: Bringing Vascular Insights to Effortless Everyday Wear
RingConn Gen 3 Smart Ring Opens for Pre-Order: Bringing Vascular Insights to Effortless Everyday Wear
