Robinhood Q2 Earnings Highlights: Revenue Beat, EPS Beat, Crypto Revenue Up 161% Year-Over-Year, Gold Subscribers Hit 2 Million
Portfolio Pulse from Chris Katje
Robinhood Markets (NASDAQ:HOOD) reported strong Q2 earnings with revenue and EPS beating estimates. Key highlights include a 161% increase in crypto revenue, 2 million Gold subscribers, and record net deposits of $13.2 billion. The company also reported a 57% increase in assets under custody.
August 07, 2024 | 8:22 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Robinhood reported strong Q2 earnings with revenue and EPS beating estimates. Key highlights include a 161% increase in crypto revenue, 2 million Gold subscribers, and record net deposits of $13.2 billion. The company also reported a 57% increase in assets under custody.
Robinhood's strong Q2 earnings report, with significant increases in revenue, EPS, and key metrics like crypto revenue and Gold subscribers, is likely to positively impact the stock price in the short term. The record net deposits and substantial growth in assets under custody further support a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100