Digital investment platform Webull's Q4 rev jumps, driven by trading-related revenue

Reuters03-05
Digital investment platform Webull's Q4 rev jumps, driven by trading-related revenue

Overview

  • Digital investment platform's Q4 revenue grew 50% yr/yr, driven by trading-related revenue

  • Net income for Q4 decreased due to higher marketing and branding expenses

  • Company partnered with Meritz Financial Group to expand in South Korea

Result Drivers

  • TRADING REVENUE - Co reported a 56% yr/yr increase in trading-related revenue, driven by strong performance in equities and options businesses

  • MARKETING EXPENSES - Higher marketing and branding expenses contributed to a decrease in net income for the quarter

Company press release: ID:nPreG14nVa

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Beat

$165.20 mln

$156.13 mln (2 Analysts)

Q4 EPS

$0.01

Q4 Adjusted EBIT

$21.60 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the financial technology (fintech) peer group is "buy"

  • Wall Street's median 12-month price target for Webull Corp is $18.50, about 210.4% above its March 3 closing price of $5.96

  • The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 55 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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