Robinhood isn't just about YOLO trading anymore. Robinhood (HOOD 2.96%) burst onto the scene during the pandemic as the zero-fee trading platform. But it has matured into a much more stable and expansive business with retirement now a focus. In this video, Travis Hoium talks about a strategic change for the company. *Stock prices used were end-of-day prices of Aug. 12, 2024. The video was published on Aug. 12, 2024. ...

The global selloff did a number on Robinhood Markets Inc (NASDAQ:HOOD), though the stock has been steadily climbing since then. The road to recovery started last Thursday, with a 3.6% post-earnings pop after the fintech company's upbeat earnings. Today, HOOD was last seen up 1.3% at $18.16, and earlier traded as high as $18.56, after Piper Sandler noted the recent pullback as a "buying opportunity" and lifted its rating to "overweight" from "neutral." Despite the recent rally, Robinhood stock has yet to com ...

Robinhood Markets reportedly submitted a response to a Securities and Exchange Commission (SEC) Wells Notice that it received in May, which warned the company of impending enforcement action related to its cryptocurrency business. Vlad Tenev, CEO of Robinhood, told Bloomberg Television about this move in a Thursday (Aug. 8) interview, while adding that he had no other updates to share, Bloomberg reported. "We've spent a lot of time making sure that the response is as high-quality as possible," Tenev said, p ...

Robinhood Markets, Inc. (HOOD) reported $682 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 40.3%. EPS of $0.21 for the same period compares to $0.03 a year ago. The reported revenue represents a surprise of +8.05% over the Zacks Consensus Estimate of $631.18 million. With the consensus EPS estimate being $0.15, the EPS surprise was +40.00%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...

Most market participants tend to overcomplicate the art of investing. Sometimes, it is as simple as finding a business with a somewhat strong moat (whether brand or product), strong and growing financials, and selling at a discount. Recently, the S&P 500 and other stock indexes across the globe have delivered rising volatility to rock most investors' portfolios. Now, there is no reason to panic; rather, stick to the fundamentals. Robinhood Markets Today HOOD Robinhood Markets $17.00 -0.12 (-0.70%) 52-Week R ...

Despite opening strong, Robinhood (NASDAQ:HOOD) stock has dipped just slightly into the red this morning. Yesterday, after the market closed, the securities broker reported stronger-than-expected secondquarter results. So, this morning's negative sentiments aside, here are five reasons for HOOD stock owners to feel bullish about the company's Q2 performance: The firm's top and bottom lines came in meaningfully above analysts' average estimates. Specifically, it generated Q2 revenue of $682 million, versus a ...

Shares of Robinhood (HOOD) gained 2.5% in after-hours trading in response to better-than-expected secondquarter 2024 results. Earnings per share of 21 cents handily surpassed the Zacks Consensus Estimate of 15 cents. Also, the figure compared favorably with 3 cents earned in the prior-year quarter. Results benefited substantially from the crypto-trading boom, higher net interest income and a jump in Gold subscribers. Also, the company witnessed improvement in Monthly Active Users (MAU). However, a rise in e ...

On Monday (Aug. 5), the platform powering 24-7 trading for brokers like Robinhood went offline. The platform, Blue Ocean, is the infrastructure provider responsible for executing stock trades between traditional market off hours, those falling between 8 p.m. and 4 a.m. (ET), and it was unable to effectively handle the surge in activity during the huge global selloff earlier this week as markets roiled. While the news was, ultimately, not ideal for Robinhood's users trying to get in on Monday's market action ...

Robinhood Markets, Inc. (HOOD) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 40%. A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced earnings of $0.18, delivering a surprise of 260%. Over the last four quarters, the com ...

Financial Performance - Total net revenues increased 40% to $682 million compared to $486 million[153] - Net income was $188 million, or diluted EPS of $0.21, compared to $25 million, or $0.03 diluted EPS[153] - Adjusted EBITDA increased 99% to $301 million compared to $151 million[153] - Total net revenues for the three months ended June 30, 2024, reached $682 million, a 40% increase from $486 million in the same period of 2023[164] - The company reported a net income of $188 million for the three months ended June 30, 2024, compared to a net loss of $486 million in the same period of 2023[164] Customer Growth - Funded Customers increased 4% to 24.2 million compared to 23.2 million[154] - Gold Subscribers increased 61% to 1.98 million compared to 1.23 million[154] - The number of users placing cryptocurrency trades increased by 22% for the three months ended June 30, 2024, contributing to the rise in revenues[168] Assets and Deposits - Assets Under Custody (AUC) increased 57% to $139.7 billion compared to $88.8 billion[154] - Net Deposits were $13.2 billion, an annualized growth rate of 41% relative to AUC at the end of the first quarter of 2024[154] - Total interest-earning assets increased to $36,190 million as of June 30, 2024, up from $33,689 million as of March 31, 2024, representing a growth of 7.4%[173] Revenue Sources - Transaction-based revenues increased by $134 million (69%) for the three months ended June 30, 2024, driven by significant growth in cryptocurrencies and options[167] - Cryptocurrencies revenues surged by 161% for the three months ended June 30, 2024, totaling $81 million, compared to $31 million in the same period of 2023[168] - Net interest revenues for the three months ended June 30, 2024, were $285 million, a 22% increase from $234 million in the same period of 2023[171] - Gold subscription revenues rose by 44% to $26 million for the three months ended June 30, 2024, compared to $18 million in the same period of 2023[176] - Other revenues increased by 19% to $70 million for the three months ended June 30, 2024, up from $59 million in the same period of 2023[176] Operating Expenses - Operating expenses increased 6% to $493 million compared to $466 million[153] - Total operating expenses for the three months ended June 30, 2024, were $493 million, a 6% increase from $466 million in the same period of 2023[177] - Marketing expenses surged by 156% to $64 million for the three months ended June 30, 2024, compared to $25 million in the same period of 2023[177] - General and administrative expenses decreased by 16% to $134 million for the three months ended June 30, 2024, compared to $159 million in the same period of 2023[177] Cash and Liquidity - As of June 30, 2024, cash and cash equivalents were $4.52 billion, including a $750 million liquid investment portfolio[189] - The company had a total of $3.00 billion in committed revolving credit facilities and a borrowing amount up to $100 million for its Credit Card Funding Trust as of June 30, 2024[190] - The company believes its primary sources of liquidity will be adequate to meet current liquidity needs for the next 12 months[188] Risk Management - The company has established a comprehensive interest rate risk management policy to manage exposure to interest rate fluctuations[205] - The company has no outstanding borrowings under its credit facilities as of June 30, 2024, indicating limited financial exposure to interest rate changes[205] - The company's measurement of interest rate risk involves uncertain assumptions, which may lead to discrepancies between simulated and actual results due to various factors[206] - The company is indirectly exposed to equity securities risk related to margin receivables and securities lending activities[207] Commitments and Future Plans - The company is exploring potential strategic acquisitions to leverage existing capabilities and further build its business[187] - As of June 30, 2024, total cash commitments amount to $997 million, with $279 million due in the remainder of 2024 and $624 million due by 2025-2026[191] - Purchase commitments total $843 million, with $260 million due in the remainder of 2024[191]