Robinhood (NASDAQ:HOOD) stock is trending in the green this morning after the company posted much better-than-expected first-quarter results. The positivity is being largely driven by a resurgence of retail trading activity on Robinhood’s platform.In the wake of the results, several banks and analyst firms, including Japan’s Mizuho, raised their price targets on HOOD stock.Robinhood’s Q1 ResultsAmid the results, Robinhood reported that it was able to gain market share from competitors and also benefited fro ...

Key TakeawaysRobinhood posted record profit and sales on booming demand for cryptocurrency trading.The online brokerage also benefited from the soaring price of gold.Net deposits were at an all-time high as well. Shares of Robinhood Markets (HOOD) rose in intraday trading Thursday as the online brokerage posted record profits and sales on soaring cryptocurrency trading. Robinhood reported first-quarter earnings per share (EPS) of $0.18, three times analysts’ estimates compiled by Visible Alpha. Revenue jump ...

Robinhood Markets Inc (NASDAQ:HOOD) is up 2.9% to trade at $18.37 this morning, following the trading platform's first-quarter earnings results. Robinhood posted earnings of 18 cents per share on revenue of $618 million both of which topped analyst estimates. The quarterly top-line beat was boosted by record net deposits of $11.2 billion.  Options traders are targeting the stock after the results, with total volume running at 12 times what's typically seen at this point and calls nearly tripling the number ...

This could be one of the best fintech stocks to buy right now.In this video, I will cover Robinhood's (HOOD -0.78%) first-quarter earnings report, which blew all of my expectations out of the water.*Stock prices used were from the trading day of May 8, 2024. The video was published on May 9, 2024. ...

Those who watch the Robinhood Markets Inc stock price closely might be forgiven for getting a little dizzy in past twenty-four hours – it’s certainly been a wild ride.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Robinhood share prices rose 6.3% to $18.97 yesterday, over 6%, during extended US trading hours, to close at $17.99 on Wednesday. They then dipped all the way down to $17.60, Robinhood’s opening price today, before rallying slightly to $17. ...

Online brokerage Robinhood Markets has reported first-quarter profits that exceeded expectations, driven by strong crypto trading volumes and increased net interest revenue.Robinhood’s profit for the first quarter stood at $157 million or 18 cents per share, surpassing expectations of 6 cents per share, Reuters reported Wednesday (May 8), citing data from LSEG.This also marked an improvement from the same period last year, when the company reported a loss of $511 million or 57 cents per share, according to ...

Robinhood Markets, Inc. (HOOD) reported $618 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 40.1%. EPS of $0.18 for the same period compares to -$0.57 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $544.7 million, representing a surprise of +13.46%. The company delivered an EPS surprise of +260.00%, with the consensus EPS estimate being $0.05.While investors closely watch year-over-year changes in headline numbers -- revenue and ea ...

Financial Data and Key Metrics Changes - Total net revenues grew 40% year-over-year to $618 million, with adjusted EBITDA more than doubling to $247 million [39][58] - Incremental margins were reported at 75%, demonstrating scalability despite increased marketing and growth investments [39][58] - Net income reached $157 million, translating to a GAAP EPS of $0.18, marking a significant increase from previous quarters [39][58] Business Line Data and Key Metrics Changes - Strong participation from both existing and new customers, with 75% of net deposits coming from customers with over a year at the company [40] - Robinhood Gold subscribers grew to 1.7 million, up 42% year-over-year, with Gold ARPU significantly higher than average customers [41][57] - Transaction-based revenues increased across equities, options, and crypto, with net interest revenues benefiting from higher balances and securities lending activity [42][58] Market Data and Key Metrics Changes - Assets under custody reached a record $130 billion, up 65% year-over-year, driven by strong net deposits of over $11 billion [59] - April saw equity notional volumes of about $70 billion, options contracts at a record of roughly $125 million, and crypto notional volumes around $10 billion [42] - The company reported net asset inflows from other major brokerages totaling nearly $3 billion, more than double the previous quarter [36] Company Strategy and Development Direction - The company is focused on three main strategies: winning the active trader market, increasing wallet share, and expanding internationally [55] - Continued investment in marketing, with a planned increase of $100 million year-over-year, to support growth initiatives [39][58] - The introduction of new products, including the Gold credit card and index options, aims to enhance customer engagement and retention [87][118] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to maintain a 20%-plus net deposit growth rate, supported by a young customer base and expansion into new markets [43] - The company is optimistic about the long-term potential of its offerings, particularly in light of generational wealth transfer trends [151] - Management acknowledged the challenges posed by regulatory developments but emphasized commitment to advocating for customer access to crypto assets [48][68] Other Important Information - The company reported a strong balance sheet with over $5 billion in cash, indicating potential for dividends, buybacks, or M&A activities [111] - The company is actively monitoring the performance of its new Gold card and plans to roll it out cautiously to manage risk [69][92] Q&A Session Summary Question: What impact will the SEC Wells notice have on the business? - Management stated that customer accounts remain unaffected and emphasized their commitment to operating in good faith within regulatory frameworks [48] Question: Are you still planning to roll out index options later this year? - Management confirmed the rollout of index options, highlighting their popularity and potential benefits for active traders [118] Question: Can you elaborate on the economics of new deposits coming into Gold-connected accounts? - Management expressed confidence in the economics of their promotions, noting positive payback periods for new customer cohorts [76] Question: What are your thoughts on capital allocation with $5 billion in cash? - Management indicated a balanced approach to capital allocation, considering organic growth investments, M&A opportunities, and shareholder returns [111] Question: How do new customers compare to existing ones? - Management noted that new customers are bringing in higher average balances and are engaging actively with the platform [150]

This presentation includes key performance metrics that our management uses to help evaluate our business, identify trends affecting our business, formulate business plans, and make strategic decisions. Our key performance metrics include Funded Customers, Assets Under Custody ("AUC"), Net Deposits, Average Revenue Per User ("ARPU"), and Gold Subscribers. Definitions of performance metrics can be found in the appendix to this presentation (the "Appendix"). For information on changes to our key performance m ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 10-Q ______________________ (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☒ 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 001-40691 ______________________ Robinhood Markets, Inc. (Exact nam ...