Futu Holdings Kicks Off 2025 with Strong Momentum: Q1 Earnings Call Highlights
Futu Holdings, a leading financial technology company, has kicked off the year 2025 on a high note, as highlighted in its recent Q1 earnings call. The company reported a significant increase in new funded accounts, with approximately 262,000 added in the first quarter, representing a 48% year-over-year and 22% quarter-over-quarter growth.
As of the end of the quarter, Futu's total funded accounts stood at 2.7 million, marking a 42% increase from the same period last year and an 11% sequential growth. This achievement brings the company closer to its annual target of 800,000 net new funded accounts in 2025.
Notably, the Hong Kong market led the way in terms of new funded accounts, followed closely by China equities. The active IPO calendar also played a role in acquiring new clients and reactivating previously dormant ones. Futu's CEO, Leaf Li, emphasized that brokers with strong brand equity, seamless user experience, and superior execution capabilities are best positioned to capitalize on market tailwinds and sustain growth.
Another significant highlight from the earnings call was the performance of Futubull AI, a smart investment assistant trained on Futu's proprietary financial data and investor community insights. Since its launch, the integrated solution has received overwhelmingly positive feedback, with a satisfaction rate of around 90%. It has also demonstrated significantly higher accuracy and professionalism in answering investment-related questions compared to general-purpose models.
Looking ahead, Futu remains committed to product localization and brand investment. The company plans to roll out similar AI offerings to other international markets in the second quarter to empower investors globally. Additionally, the launch of a new desktop version of Futubull built on a new framework compatible with Windows, Mac OS, and Linux has introduced intuitive drag-and-drop tools for building quantitative strategies and multi-like option strategy features.
Total client assets under management reached HKD 830 billion, marking a 60% increase year-over-year and a 12% increase quarter-over-quarter. This growth was primarily driven by record inflow, fueled by the rally of Hong Kong equities led by large-cap tech names. Total client assets in Singapore rose 11% sequentially, making it the 11th consecutive quarter of double-digit growth.
In conclusion, Futu Holdings has made a strong start to the year 2025, with significant gains in new funded accounts and total client assets under management. The company's commitment to innovation, product localization, and brand investment positions it well for continued growth and success in the years ahead."
