Robinhood Q3 Earnings: EPS Beat, Revenue Up 29%, MAUs Fall 16% And More
Portfolio Pulse from Adam Eckert
Robinhood Markets Inc (NASDAQ:HOOD) reported Q3 earnings with a revenue of $467 million, missing estimates of $478.2 million, and a 9 cent loss per share, beating estimates of a 10 cent loss. Total revenues were up 29% YoY, while monthly active users decreased 16% to 10.3 million. The company increased its full-year 2023 operating expense guidance to a range of $2.399 billion to $2.439 billion. Robinhood shares were down 6.15% in after-hours trading.
November 07, 2023 | 9:57 pm
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Robinhood's Q3 earnings report showed a revenue miss and an EPS beat. The company also reported a decrease in monthly active users and an increase in total revenues YoY. The company's shares were down in after-hours trading.
Robinhood's Q3 earnings report showed a miss on revenue and a decrease in monthly active users, which are negative signals for investors. However, the company beat EPS estimates and reported an increase in total revenues YoY. The company's shares were down in after-hours trading, indicating a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100