8-K
filed November 7, 2023, 6:59 PM ET
ticker HOOD
CIK 0001783879
earnings
confidence high
sentiment positive
materiality 0.70
Robinhood Q3 net loss narrows to $85M; revenue up 29% to $467M
Robinhood Markets, Inc.
2023-Q3 EPS reported
-$0.64
revenue$1,394,000,000
- Revenue $467M (+29% YoY); net loss $85M vs $175M loss in Q3 2022; EPS -$0.09.
- Net interest revenue $251M (+96% YoY); transaction revenue $185M (-11%); crypto revenue down 55%.
- Adjusted EBITDA $137M (+191% YoY); MAU 10.3M (-16% YoY); AUC $87B (+34%).
- Guidance: GAAP op expenses $2.399B-$2.439B FY2023 incl $104M regulatory accrual.
- Plans to launch UK brokerage and EU crypto trading soon; bought 55.3M shares in Q3.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.98
Robinhood Markets, Inc. reported Third Quarter of 2023 results: net income Net loss was $85 million.
- Period
- Third Quarter of 2023
- Net income
- Net loss was $85 million
- Result
- reported results
Exact text from the filing
• Total net revenues increased 29% year-over-year to $467 million, primarily due to higher net interest and other revenues, partially offset by lower transaction-based revenues.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.98
Robinhood Markets, Inc. reported Third Quarter of 2023 results: net income Net loss was $85 million.
- Period
- Third Quarter of 2023
- Net income
- Net loss was $85 million
- Result
- reported results
Exact text from the filing
• Net loss was $85 million , or earnings per share (EPS) of -$0.09, compared with a net loss of $175 million, or EPS of -$0.20, in Q3 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Robinhood Markets, Inc. updated its Full-year 2023 guidance (reaffirmed).
- Period
- Full-year 2023
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
• GAAP total operating expenses for full-year 2023 to be in the range of $2.399 billion to $2.439 billion (including a $104 million regulatory accrual in Q3 2023), updated from our prior outlook of $2.330 billion to $2.410 billion.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Robinhood Markets, Inc. updated its Full-year 2023 guidance (reaffirmed).
- Period
- Full-year 2023
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
• Adjusted Operating Expenses for full-year 2023 to be in the range of $1.435 billion to $1.455 billion, an improvement of $5 million from the midpoint from our prior outlook (previously operating expenses prior to SBC) of $1.430 billion to $1.470 billion.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.