GabrielToh
2022-06-10

$Tiger Brokers(TIGR)$Total revenues decreased 35.2% year-over-year to US$52.6 million.

• Total net revenues decreased 35.3% year-over-year to US$49.0 million.

• Net loss attributable to UP Fintech was US$5.9 million compared to a net income of US$21.1 million in the

same quarter of last year.


Overall decrease is expected after futu's results. futu reported revenue decrease of 25.6% vs tigr's 35.2%. However net loss of $6m is less than expected.

Tigr has 703k customers with deposits vs futu's 1,326k.

Paying customers increased over 80% yoy vs futu's 68%.


Although futu's results are marginally better, tigr still shows greater growth potential.

Overall a good set of results.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • BillyWilliams
    2022-06-10
    BillyWilliams
    sad new. I like Tiger, hopefully it will recover soon.
  • HarryCox
    2022-06-10
    HarryCox
    It will recover soon! Go up tiger!
  • Tony Stark7
    2022-06-10
    Tony Stark7
    that's good
  • leejk
    2022-06-10
    leejk
    Talks
  • Aurum
    2022-06-10
    Aurum
    ok
  • 123321Alex
    2022-06-10
    123321Alex
    k
Leave a comment