FUTU - Futu Holdings GAAP EPADS of $1.08 beats by $0.22 revenue of $318.5M beats by $50.73M

May, 24 2023 04:21 AM Futu Holdings Limited

2023-05-24 04:21:32 ET

Futu Holdings press release ( NASDAQ: FUTU ): Q1 GAAP EPADS of $1.08 beats by $0.22 .
Revenue of $318.5M (+52.3% Y/Y) beats by $50.73M .
Shares +3.5% PM.
Total number of paying clients increased 15.2% year-over-year to 1,528,103 as of March 31, 2023.
Total number of registered clients increased 13.5% year-over-year to 3,304,758 as of March 31, 2023.
Total number of users increased 10.5% year-over-year to 20.0 million as of March 31, 2023.
Total client assets increased 20.6% year-over-year to HK$465.5 billion as of March 31, 2023.
Daily average client assets were HK$453.0 billion in the first quarter of 2023, an increase of 16.7% from the same period in 2022.
Total trading volume in the first quarter of 2023 declined 7.8% year-over-year to HK$1.2 trillion, in which trading volume for U.S. stocks was HK$827.6 billion, trading volume for Hong Kong stocks was HK$372.2 billion, and trading volume for stocks under the Stock Connect was HK$20.0 billion.
Daily average revenue trades (DARTs) ⁴ in the first quarter of 2023 declined 13.7% year-over-year to 514,105.

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