Robinhood Q3 Monthly Active Users Up 7% Y/Y To 11.0M
Portfolio Pulse from Benzinga Newsdesk
Robinhood reported a 7% year-over-year increase in its Q3 monthly active users, reaching 11 million.
October 30, 2024 | 8:16 pm
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POSITIVE IMPACT
Robinhood's Q3 monthly active users increased by 7% year-over-year, reaching 11 million, indicating potential growth in user engagement and platform activity.
The increase in monthly active users suggests higher engagement on the Robinhood platform, which could lead to increased trading activity and revenue. This positive user growth is likely to have a favorable impact on the stock price in the short term.
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RELEVANCE 100