Robinhood Markets Reports August Operating Data; Monthly Active Users (MAU) Decrease To 10.6M In August, Down Approximately 400 Thousand From July 2023
Portfolio Pulse from Benzinga Newsdesk
Robinhood Markets has reported a decrease in its Monthly Active Users (MAU) to 10.6 million in August, down approximately 400 thousand from July 2023. The Assets Under Custody (AUC) at the end of August were $89.7 billion, down 5% from July 2023.
September 13, 2023 | 8:07 pm
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NEGATIVE IMPACT
Robinhood's decrease in MAU and AUC could potentially impact the company's stock negatively in the short term.
A decrease in Monthly Active Users and Assets Under Custody indicates a potential decrease in revenue and profitability, which could negatively impact the stock price.
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IMPORTANCE 80
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