UP Fintech Holding Ltd. Sponsored ADR Class A (TIGR.US) reported record high revenue in Q3 and a year-on-year net profit growth of 25.6%.

On November 12th, before the opening of the US stock market, UP Fintech Holding Ltd. Sponsored ADR Class A (TIGR.US) announced the unaudited financial data for the third quarter ending September 30, 2024. The financial data shows that Tiger International's revenue in the third quarter was $101 million, an increase of 15.6% quarter-on-quarter and 44.1% year-on-year, reaching a historical high. The non-GAAP net profit attributable to the parent company in the quarter was $20.1 million, an increase of 286.5% quarter-on-quarter and 25.6% year-on-year. In the third quarter, Tiger International added 60,000 new global account clients, reaching a total of 2.37 million global accounts, a 10.2% year-on-year increase. The number of new deposit clients during the period was 51,000, driving a 19.3% year-on-year increase in total deposit clients to 1.033 million. Additionally, market trading activity remained active in the third quarter, with the company's total trading volume increasing by 103.1% year-on-year to $163 billion; net deposits continued to be strong, driving a 6.7% quarter-on-quarter increase in total client assets and a 115.9% year-on-year increase to $40.8 billion, reaching a historical high. Tiger International's founder and CEO, Wu Tianhua, stated: "In the third quarter, with the continuous enhancement of product experience, the company's business has significantly grown, with revenue exceeding $100 million in a single quarter, reaching a historical high, and profits also at a three-year high, with total client assets doubling year-on-year to $40.8 billion. As of now, the company has added 150,000 new deposit clients this year, surpassing the annual target ahead of schedule. Global user trading enthusiasm is high, with total trading volume doubling year-on-year."