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Futu Holdings Q4 2024: Navigating Contradictions in Financial Projections, Crypto Strategies, and AI Integration

Earnings DecryptThursday, Mar 13, 2025 7:14 pm ET
4min read
These are the key contradictions discussed in Futu Holdings' latest 2024Q4 earnings call, specifically including: Financial Projections, Crypto Trading Developments, Client Acquisition Cost (CAC) Expectations, and the Impact of AI Integration on Product Offerings:

FUTU Total Revenue YoY, P/E(TTM)...


Strong Client Acquisition and Revenue Growth:
- Futu Holdings added 215,000 new paying clients in Q4 2024, exceeding their full-year guidance, and ended the year with over 2.4 million paying clients, up 41% year-over-year.
- Revenue increased by 87% to HKD 4.4 billion in Q4 and 36% year-over-year to HKD 13.6 billion for the full year.
- The growth was driven by higher trading volumes, particularly in U.S. stocks and options, and robust paying client growth across markets.

Product Innovation and Market Expansion:
- Futu launched 7,762 new features and 209 app iterations in 2024, with a 37% year-over-year increase in features and 32% in app iterations.
- The company expanded its product offerings with U.S. margin trading in Japan, option strategy builders, and recurrent investment plans for local stocks in Australia and Canada.
- These innovations enhanced trading experiences and attracted more clients to the platform, contributing to higher trading volumes.

Wealth Management and Asset Growth:
- Total client assets increased by 43% year-over-year to HKD 743 billion, with a 7% quarter-over-quarter increase.
- Wealth Management assets grew 14% quarter-over-quarter and 93% year-over-year to HKD 111 billion, driven by strong demand for money market funds and structured products.
- The increase in client assets and wealth management was supported by robust net asset inflows and higher client engagement across markets.

Increased Trading Volumes and Market Diversification:
- Total trading volume increased by 202% year-over-year and 52% quarter-over-quarter to HKD 2.89 trillion.
- U.S. stock trading volume grew by 36% sequentially to a record HKD 2.08 trillion.
- The surge in trading volumes can be attributed to client interest in AI-focused companies, increased trading in crypto assets, and significant participation in Hong Kong Equity markets.

Comments

Post
Andrew ford
03/15

𝐍𝐨𝐰 𝐈 𝐚𝐦 𝐡𝐚𝐩𝐩𝐲 𝐚𝐧𝐝 𝐩𝐫𝐨𝐮𝐝 𝐨𝐟 𝐭𝐡𝐞 𝐨𝐧𝐞 𝐰𝐡𝐨 𝐡𝐚𝐬 𝐚𝐥𝐬𝐨 𝐦𝐚𝐝𝐞 𝐦𝐞 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐨𝐬𝐞 𝐰𝐡𝐨 𝐚𝐥𝐬𝐨 𝐭𝐞𝐬𝐭𝐢𝐟𝐲 𝐚𝐛𝐨𝐮𝐭 𝐛𝐢𝐧𝐚𝐫𝐲 𝐭𝐫𝐚𝐝𝐢𝐧𝐠, 𝐡𝐞 𝐢𝐬 𝐫𝐞𝐚𝐥𝐥𝐲 𝐚 𝐦𝐚𝐧 𝐨𝐟 𝐡𝐢𝐬 𝐰𝐨𝐫𝐝. 𝐇𝐚𝐫𝐨𝐥𝐝 𝐊𝐞𝐧𝐝𝐫𝐢𝐜𝐤 𝐨𝐧 𝐅𝐀𝐂𝐄𝐁𝐎𝐎𝐊, 𝐖/𝐩 +𝟒𝟒𝟕𝟒𝟎𝟕𝟔𝟎𝟎𝟏𝟔𝟔  𝟏𝟖.𝟐𝟎𝟎 €𝐈 𝐡𝐚𝐯𝐞 𝐚𝐥𝐫𝐞𝐚𝐝𝐲 𝐦𝐚𝐝𝐞 𝐚 𝐥𝐨𝐭 𝐨𝐟 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐚𝐧𝐝 𝐧𝐨𝐰 𝐢𝐭 𝐢𝐬 𝐭𝐢𝐦𝐞 𝐭𝐨 𝐬𝐡𝐚𝐫𝐞 𝐦𝐲 𝐬𝐮𝐜𝐜𝐞𝐬𝐬 𝐰𝐢𝐭𝐡 𝐨𝐭𝐡𝐞𝐫 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐭𝐨 𝐛𝐞𝐧𝐞𝐟𝐢𝐭 𝐟𝐫𝐨𝐦 𝐭𝐡𝐨𝐬𝐞 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐚𝐬 𝐰𝐞𝐥𝐥...

1
AkibaSok
03/15
@Andrew ford How long you been holding FUTU? Curious if you got any top picks you're bullish on.
0
Anthony
03/14

A big thank you to the amazing Susan Brookes for helping me grow my wealth through smart investing!
Your expertise and guidance have been a game-changer for me. Your ability to explain complex investing concepts in a clear and concise way has given me the confidence to take control of my financial future.
I'm grateful for your support and wisdom!
For better analysis and trading success I highly recommend Susan Brookes for the job as your personal coach
She head a group network of people that help share thrilling and life changing tutorial which helps us navigate the problems in trading
She's always active On her Email susandemorirs@gmail.com and 👍 WhatsApp +1 (472) 218-4301 for more information about her still her

0
Sam__93__
03/14
@Anthony 😂
0
PunchTornado
03/13
Product innovation is key, but execution is crucial.
0
Affectionate_You_502
03/13
Money mouth face seeing those trading volumes. 🚀 2.89 trillion is insane. What's driving this frenzy besides AI hype?
0
THenrich
03/13
7,762 new features? That's some next-level innovation. How do they keep up this pace without burning out?
0
Hungry-Bee-8340
03/14
@THenrich They must be crushing it.
0
floorborgmic
03/13
Client assets up 43% YoY is no joke. Their wealth management is a hidden gem. Anyone diversifying with them?
0
BloodForThCursedIdol
03/14
@floorborgmic How long you holding with Futu? Any specific stocks catching your eye?
0
JC-YNWA
03/13
Strong numbers from Futu, but crypto's a wild west. 🚀 Anyone else riding the crypto wave or keeping it steady with $AAPL?
0
haarp1
03/14
@JC-YNWA What’s your crypto strategy? Long or short on any specific coins?
0
Hoshigetsu
03/13
Impressive growth, but crypto strategy feels shaky.
0
NavyGuyvet
03/13
Diving into Futu's AI integration feels like catching a falling knife with their crypto moves. 🤑 Risky but potentially rewarding.
0
smarglebloppitydo
03/14
@NavyGuyvet Are you worried about the crypto volatility?
0
Dynasty__93
03/13
AI integration seems promising, but execution risks loom.
0
OneTrickPony_82
03/13
Impressive growth, but that crypto volatility is a wild card. 🚀🤔
0
GnosticSon
03/13
@OneTrickPony_82 True, crypto's wild.
0
acg7
03/14
@OneTrickPony_82 Crypto's a rollercoaster, right?
0
Shinoskay9
03/13
2.4M clients and counting. Their AI game seems solid. Wondering if they'll tap into more international markets next?
0
therealchengarang
03/13
@Shinoskay9 You think they'll expand soon?
0
GarlicBreadDatabase
03/13
Market expansion is bullish, but CAC concerns me.
0
maxckmfk
03/13
Holding $FUTU long-term. Strong innovation and client base make it a promising play in fintech.
0
Overlord1317
03/13
$FUTU stock popping off, but is it time to cash in or hold? 🤔 Long-term gains or quick flip?
0
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
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