Key PointsRobinhood is an online and mobile brokerage offering financial services like zero commission stock and options trading, as well as access to cryptocurrency, to 10.9 million monthly active users (MAUs).Robinhood posted record full-year 2023 revenues and positive GAAP net income in Q4 2023.The trading volume of cryptocurrency nearly doubled YoY, helping drive transaction revenues higher by 8% YoY to $200 million in Q4 2023.5 stocks we like better than Robinhood MarketsRobinhood Markets Inc. NASDAQ: ...

Life as a public company has been a rollercoaster for Robinhood Markets (HOOD 4.32%). It listed on the Nasdaq exchange in mid-2021 at $38 per share, and it quickly soared to an all-time high of $85 as young, first-time investors rushed to its brokerage platform at the height of the pandemic.Robinhood was unable to maintain that momentum, however, and its stock has since plunged 84% from its peak. The company has consistently lost active users over the last two years, and it has struggled to deliver revenue ...

Shares of online brokerage Robinhood Markets (HOOD 13.01%) jumped as much as 17.4% in trading on Wednesday after the company reported fourth-quarter 2023 financial results. Shares closed the day up 13%.The big quarterRevenue jumped 24% to $471 million in the quarter due to a 41% jump in interest revenue to $236 million and an 8% jump in transaction revenue to $200 million. Net income was $30 million, or $0.03 per share, from a loss of $166 million, or $0.19 per share a year ago. Analysts were only expecting ...

Robinhood Markets Inc (NASDAQ:HOOD) stock earlier surged to nearly two-year highs, up 13% to trade at $13.38 at last check, after the trading platform's surprise fourth-quarter profit beat, better-than-expected revenue, and strong 2024 forecast. No fewer than three analysts chimed in with price-target hikes in response. There's plenty of room for upgrades, should analysts continue in their optimism. Of the 14 brokerages in coverage, 11 carry a "hold" or worse rating. Options bulls are blasting HOOD. So far, ...

Key TakeawaysRobinhood shares jumped after reporting fourth-quarter earnings and revenue that came in ahead of analysts' expectations.Higher-than-anticipated interest income on customer loans and a rebound in cryptocurrency and equity trading underpinned the quarterly results.Robinhood shares face a key test near $13 at the top trendline of an established trading range. Robinhood Markets, Inc. Source: TradingView.com.Shares in Robinhood Markets (HOOD) rose sharply in pre-market trading Wednesday morning ...

Robinhood has its eyes on new products and new markets as it builds for the future.The stock trading and investing app is focused on winning the active trader market, increasing wallet share by deepening relationships with its existing customers, and continuing to expand internationally, Vlad Tenev, CEO and co-founder of Robinhood, said Tuesday (Feb. 13) during the company’s quarterly earnings call.“Reflecting on the past four years, we’ve tripled our customer base and grown revenues nearly seven times,” Te ...

Financial Data and Key Metrics Changes - The company reported a 37% increase in revenues to $1.9 billion for the full year 2023, with adjusted EBITDA reaching $536 million, more than three times the previous high [8][12] - Q4 net income was $30 million, with total net revenues increasing 1% sequentially to $471 million [31] - Adjusted EBITDA for Q4 was $133 million, up 62% from the previous year [10] Business Line Data and Key Metrics Changes - Gold subscribers increased by 25% year-over-year to 1.42 million, with an annualized recurring subscription revenue of $85 million [9][30] - Assets under custody surpassed $100 billion, with a 21% annualized net deposit growth in Q4 [30] - The company experienced a 14% increase in trading market share for equities and a 19% increase for options year-over-year [3] Market Data and Key Metrics Changes - January net deposits reached nearly $4 billion, the highest monthly total since the first half of 2021, with one-third being net positive transfers from other brokers [11] - The company reported strong engagement in crypto trading, with volumes nearly doubling in Q4 [134] Company Strategy and Development Direction - The company aims to win the active trader market by enhancing user experience and launching a more feature-rich professional offering [36] - Plans include increasing Gold memberships, launching new products like credit cards, and expanding internationally after recent launches in the UK and EU [14][36] - The company is focused on driving profitable growth and maximizing EPS and free cash flow per share in 2024 and beyond [13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about 2024, citing strong momentum from net deposit growth and increased Gold adoption [11][12] - The company anticipates that declining interest rates will support growth in assets and trading activity [34] - Management emphasized the importance of continued investment in user experience and product offerings to maintain competitive advantage [40] Other Important Information - The company plans to manage diluted share count to 2% or less in 2024, following a nearly 5% decrease in 2023 [12] - The adjusted operating expenses for 2024 are projected to be between $1.85 billion and $1.95 billion, reflecting a 5% increase at the midpoint from the previous year [33] Q&A Session All Questions and Answers Question: What do you have in place to get your stock price back up? - The company is focused on driving value for shareholders through increased revenues and profits, with no current plans for dividends [39] Question: What will it take to get Robinhood to the next level to start competing with Fidelity? - The company is already competing effectively, with double-digit growth in trading market share and successful net asset transfers from major competitors [40] Question: Do you see Robinhood joining the S&P 500? - The company aims for consistent profitability and revenue growth, but joining the S&P 500 is ultimately a committee decision [41] Question: What kind of progress should we expect from the company in 2024? - The company is focused on improving user experience, expanding product offerings, and increasing international presence [42] Question: Can you talk about progress in terms of accounts and traction in the UK? - The company is seeing healthy initial traction in the UK and is focused on improving product offerings to meet customer expectations [67] Question: How do you see crypto contributing to your business in the next three to five years? - The company is investing significantly in crypto, aiming to bridge traditional finance and crypto, with a focus on enhancing user experience and market share [90]

Robinhood Markets, Inc. (HOOD) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to loss of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 400%. A quarter ago, it was expected that this company would post a loss of $0.10 per share when it actually produced a loss of $0.09, delivering a surprise of 10%.Over the last four quarters, the com ...

By now, it’s obvious to everyone that we are in the midst of a rather strong bull market. Powered by the strength of tech, stocks have been climbing nearly continuously since October 2022. As a result, it should not be long before many high net worth investors put more money to work. What’s more, tens of thousands of retail investors will also probably follow suit soon. Many private firms are likely to start launching IPOs in order to exploit the strengthening stock market. This led us to write this article ...

Robinhood Markets Inc.’s stock roared more than 10% higher in the after-hours session Tuesday after the online trading platform swung to a quarterly profit and topped Wall Street expectations for its revenue, thanks to rising crypto deposits and more subscribers buying a premium service. Robinhood HOOD, -1.42% earned $30 million, or 3 cents a share, in the fourth quarter, contrasting with a loss of $166 million, or 19 cents a share, in the fourth quarter of 2022. Revenue rose 24% to $471 million, thanks in ...