earnings
confidence high
sentiment positive
materiality 0.75
Robinhood Q3 revenue $637M (+36% YoY), net income $150M; EPS $0.17 vs -$0.09
Robinhood Markets, Inc.
2024-Q3 EPS reported
$0.55
revenue$1,937,000,000
- Transaction-based revenue $319M (+72% YoY); crypto revenue $61M (+165%), options $202M (+63%).
- Assets Under Custody $152.2B (+76% YoY); net deposits $10B (29% annualized growth rate).
- Adjusted EBITDA $268M (+96% YoY); GAAP operating expenses $486M (-10% YoY).
- FY 2024 GAAP op ex outlook $1.86B-$1.96B; non-GAAP combined op ex+SBC unchanged $1.85B-$1.95B.
- Gold subscribers 2.2M (+65% YoY); funded customers 24.3M; Robinhood Legend desktop platform launched.