Robinhood Q4 Earnings Highlights: Revenue Beat, EPS Beat, Strong Start To Q1 And More
Portfolio Pulse from Chris Katje
Robinhood Markets (NASDAQ:HOOD) reported Q4 earnings with a revenue of $471 million, up 24% YOY, beating estimates. EPS was 3 cents, surpassing expectations of a 1 cent loss per share. The company saw increases in transaction-based revenues, net interest, and cryptocurrency revenue. Funded customers grew to 23.4 million, and assets under custody rose to $102.6 billion. The full fiscal 2023 revenue was $1.87 billion, a 37% increase YOY, with a loss of 61 cents per share. Robinhood anticipates continued growth in 2024, focusing on new products, features, and international expansion.
February 13, 2024 | 9:25 pm
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Robinhood reported strong Q4 earnings with revenue and EPS beats, significant YOY growth, and optimistic projections for 2024. Shares surged 116% in after-hours trading.
The positive earnings report, with both revenue and EPS exceeding expectations, indicates strong financial health and operational success. The year-over-year growth and optimistic outlook for 2024, including plans for international expansion and new product launches, are likely to boost investor confidence and demand for HOOD shares, contributing to the significant after-hours price increase.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100