Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Robinhood Markets, Inc. updated its full-year 2022 guidance (initiated).
- Period
- full-year 2022
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
As a result of the progress we have made on our cost reduction initiatives, including the reductions in force announced April 26, 2022 (the “April 2022 Restructuring”) and August 2, 2022 (the “August 2022 Restructuring”) we expect: • GAAP total operating expenses for full-year 2022 to be in the range of $2.34 billion to $2.40 billion, representing a decrease of approximately 31% to 32% from the prior year;
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Robinhood Markets, Inc. reported the quarter ended September 30, 2022 results: revenue $361 million, net income $175 million, EPS $0.20 per share.
- Period
- the quarter ended September 30, 2022
- Revenue
- $361 million
- Net income
- $175 million
- EPS
- $0.20 per share
- Result
- reported results
Exact text from the filing
Total net revenues increased 14% sequentially to $361 million. • Transaction-based revenues increased 3% sequentially to $208 million. ◦ Options increased 10% sequentially to $124 million. ◦ Cryptocurrencies decreased 12% sequentially to $51 million. ◦ Equities increased 7% sequentially to $31 million. • Net interest revenue increased 73% sequentially to $128 million. • Net loss was $175 million, or $0.20 per share, compared with net loss of $295 million, or $0.34 per share in the second quarter of 2022, a sequential improvement of $120 million or $0.14 per share.
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