Robinhood Markets Inc
NASDAQ:HOOD

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Robinhood Markets Inc
NASDAQ:HOOD
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Price: 48.15 USD 4.49% Market Closed
Market Cap: 42.6B USD

Robinhood Markets Inc
Investor Relations

Robinhood Markets Inc., the financial services powerhouse founded in 2013 by Vladimir Tenev and Baiju Bhatt, set out to demystify investing for the general populace. The company's inception was rooted in a bold mission: to democratize finance for all. By eliminating traditional barriers such as high commission fees and minimum balance requirements, Robinhood tapped into the digital-savvy younger demographic eager to enter the stock market. Central to Robinhood's allure is its sleek, user-friendly mobile app that empowers users to trade stocks, options, and cryptocurrencies with ease. Further enhancing its utility are features like fractional shares, which allow users to invest in expensive stocks at a more accessible price point, thereby broadening participation to novice investors with limited capital.

The brilliance of Robinhood's business model lies in its ability to offer commission-free trading while maintaining profitability. The company primarily generates revenue through a practice known as "payment for order flow," earning a small fee by routing its users' trades to market makers. In addition, Robinhood makes money by lending out user deposits and offering a premium service, Robinhood Gold, which provides members with additional features such as margin trading and professional research. While these strategies have proven lucrative, they have also attracted scrutiny and regulatory challenges, illustrating the company's delicate balancing act between innovation and compliance in a highly regulated industry. Despite these challenges, Robinhood has cemented itself as a seminal force in modern finance, continually transforming the way individuals engage with the stock market.

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Earnings Calls

2024 Q3
Oct 30, 2024
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Robinhood Q3 Earnings: Strong Growth and New Product Launches
2024 Q3
Oct 30, 2024

In Q3, Robinhood reported a robust 36% revenue growth, reaching $637 million, with adjusted EBITDA nearly doubling to $268 million. Assets under custody soared 76%, totaling $152 billion, alongside net deposits exceeding $10 billion for the third consecutive quarter. The new Robinhood Gold Card, attracting strong customer interest with a waitlist of nearly 2 million, showed promising early metrics, reflecting a retention rate of 95% among users. As the firm targets more active traders and plans to introduce innovative products like index options and futures, they anticipate a continued focus on profitable growth into 2024, aiming for adjusted OpEx in the $1.85 to $1.95 billion range.

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Management

Mr. Vladimir Tenev
Co-Founder, President, CEO & Chairman of the Board
No Bio Available
Mr. Baiju Prafulkumar Bhatt
Co-Founder & Director
No Bio Available
Mr. Steven M. Quirk
Chief Brokerage Officer
No Bio Available
Ms. Mary Elizabeth Taylor
VP & Head of External Affairs
No Bio Available
Ms. Surabhi Gupta
Head of Engineering
No Bio Available
Ms. Christina Y. Lai Esq.
VP, Deputy General Counsel & Secretary
No Bio Available
Mr. Chris Koegel
Vice President of Investor Relations
No Bio Available

Contacts

Address
CALIFORNIA
Menlo Park
85 Willow Street
Contacts
+18444285411.0
robinhood.com