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.)
