Earnings release · HOOD
Robinhood Markets, Inc. · Filed · SEC Form 8-K, Item 2.02
Revenue climbed 12% year on year to $1.4 billion, and EPS was $0.51. The company cut its guidance, which is usually read as management's view of coming periods weakening.
Written automatically by Stocknote's note engine from the figures on this page and the company's previous release. Every number in this note is checked against those figures. Not investment advice.
$1.4 billion +12% vs a year ago
…Revenues were a record $1.4 billion, up 12% year-over-year.…
$0.51
…Diluted EPS down 16% year-over-year to $0.51; Adjusted EPS down 3% year-over-year to $0.60.…
Guidance lowered
…As we look ahead to the rest of the year, we are lowering the top end of our prior outlook by $25 million to a range of $2.675 to $2.75 billion to reflect ongoing efficiency gains across our business.…
Revenue grew 12% to a record $1.42B, but GAAP EPS fell 16%. Event contracts replaced crypto, the tax rate doubled, and Q4 costs are guided 15% to 26% higher.
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