Robinhood Q3 MAUs Decreased 16% YoY To 10.3M, ARPU Increased 27% To $80
Portfolio Pulse from Benzinga Newsdesk
Robinhood's Q3 Monthly Active Users (MAUs) decreased by 16% year-over-year to 10.3 million, while Average Revenue Per User (ARPU) increased by 27% to $80.
November 07, 2023 | 9:08 pm
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Robinhood's Q3 results show a decrease in MAUs but an increase in ARPU, indicating a mixed performance.
The decrease in MAUs could be a concern for investors as it indicates a potential loss of user base. However, the increase in ARPU suggests that Robinhood is able to generate more revenue per user, which could offset the impact of the decrease in MAUs. The net effect on the stock price is uncertain in the short term.
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