Welcome to our dedicated page for Robinhood Markets news (Ticker: HOOD), a resource for investors and traders seeking the latest updates and insights on Robinhood Markets stock.
Robinhood Markets, Inc. reports news tied to its retail financial services platform, including brokerage activity, customer assets, net deposits, trading volumes, margin balances, cash and deposit balances, and cash sweep programs. Company updates also cover earnings releases, capital-structure matters, governance items, and shareholder voting matters.
Recurring announcements include product and subsidiary developments such as Robinhood Banking, Robinhood Gold services, and Robinhood Ventures, the investment adviser to Robinhood Ventures Fund I. Fund-related news has included closed-end fund investments in private companies and portfolio construction updates connected to RVI.
Robinhood Markets (NASDAQ: HOOD) will participate in the JMP Securities Technology Conference on March 7, 2022. Chief Financial Officer Jason Warnick is set to present at 10:00 AM PT / 1:00 PM ET. A live audio webcast of the presentation will be available on the company’s investor relations website and can be replayed for 90 days. Robinhood focuses on democratizing finance, allowing users to invest with no account minimums and access educational content. Material information can also be found on their blog, Under the Hood.
Robinhood announced Q4 and FY 2021 results, reporting net revenues of $363 million for Q4, up 14% year-over-year, and $1.82 billion for the full year, a 89% increase. Transaction-based revenues rose 12% to $264 million in Q4 and 95% to $1.40 billion for the year. Notably, cryptocurrency revenues surged 304% to $48 million in Q4. However, the company reported a net loss of $423 million for Q4 and $3.69 billion for the full year. Monthly Active Users grew 48% to 17.3 million, despite a sequential decline. For Q1 2022, Robinhood expects revenues below $340 million, indicating a potential 35% decline year-over-year.
Robinhood Markets (HOOD) announced its plans to release fourth quarter and full year 2021 financial results on January 27, 2022. The company will hold an earnings conference call at 2:00 PM PT/5:00 PM ET, which will be accessible via a live webcast at investors.robinhood.com. Shareholders can submit questions for the management ahead of the call using the Say Technologies platform, open from January 20 to January 26.
Robinhood Markets has filed to terminate its registration statement for the resale of Class A common stock associated with the automatic conversion of Tranche I convertible notes linked to its IPO. This move follows the expiration of a contractual obligation under the original purchase agreement for the notes. No new securities were sold by Robinhood, and this does not constitute an underwritten secondary offering. Despite this termination, holders of Tranche I notes can still sell their shares under Rule 144, which allows transactions in the public markets.
Robinhood Markets reported a 35% increase in total net revenues for Q3 2021, reaching $365 million, compared to $270 million in Q3 2020. However, the firm experienced a net loss of $1.32 billion, or $2.06 per diluted share, contrasting with a $11 million loss in the same quarter last year. While transaction-based revenues grew 32% to $267 million, revenues from equities decreased 27% to $50 million. Monthly Active Users rose 76% to 18.9 million, and assets under custody increased 115% to $95 billion.
Robinhood Markets (NASDAQ: HOOD) will release its Q3 2021 financial results on October 26, 2021. The earnings conference call is scheduled for 2:00 PM PT/5:00 PM ET on the same day, with a live webcast available on investors.robinhood.com.
Shareholders can submit questions via a dedicated Q&A platform starting on October 19, 2021. This platform will close for submissions on October 25, 2021, allowing management to address popular inquiries during the call.
On October 8, 2021, Robinhood filed a second amendment to its Form S-1 registration statement with the SEC for the resale of Class A common stock by certain shareholders. The filing relates to shares received from the automatic conversion of Tranche I convertible notes linked to Robinhood's IPO. These shares are subject to a lock-up period until 28 days post-effectiveness of the Resale S-1, which is expected on October 13, 2021. Following the expiration of this lock-up, shares can be sold publicly under Rule 144, starting October 27, 2021.
On September 1, 2021, Robinhood Markets filed an amendment to its Resale S-1 with the SEC, initially submitted on August 5, 2021. This amendment includes the second quarter 2021 financial results and registers the resale of Class A common stock by certain shareholders. Robinhood will not sell additional securities through this filing, nor does it represent a follow-on offering. Sales cannot proceed until the SEC reviews and declares the statement effective, a timeline for which remains uncertain.
Robinhood announced the partial exercise of its IPO underwriters' over-allotment option, leading to the purchase of 4,354,194 shares of Class A common stock at $38.00 per share. The transaction is expected to yield approximately $158.5 million in net proceeds, which will be completed on August 31, 2021. The IPO underwriters include Goldman Sachs, J.P. Morgan, Barclays, Citigroup, and Wells Fargo Securities. This transaction is a significant step in Robinhood's efforts to expand its financial operations and maintain market momentum.
Robinhood reported Q2 2021 financial results showing a 131% increase in net revenues to $565 million, up from $244 million in Q2 2020. Transaction-based revenues rose 141% to $451 million. However, it faced a net loss of $502 million, compared to a net income of $58 million the previous year. Monthly Active Users grew 109% to 21.3 million, and Assets Under Custody surged 205% to $102 billion. The company anticipates lower revenues due to seasonal headwinds and has filed a registration statement for shareholder stock sales.