Robinhood Markets, Inc. Stock Price, News & Analysis

Robinhood Markets (NASDAQ: HOOD) has announced it will release its fourth quarter and full year 2024 financial results on Wednesday, February 12, 2025, after market close. The company will host an earnings conference call at 2:00 PM PT / 5:00 PM ET on the same day.

A live webcast and supporting materials will be available at investors.robinhood.com, with replay and transcript accessible afterward. Shareholders can participate by submitting and upvoting questions through Say Technologies' Q&A platform from February 5, 2025 (2:00 PM PT) until February 11, 2025 (2:00 PM PT). Management will address selected upvoted questions during the earnings call.

Robinhood Markets (HOOD) reported strong operational growth in November 2024. Funded Customers reached 24.8 million, increasing by 420,000 from October and 1.5 million year-over-year. Assets Under Custody (AUC) grew to $195 billion, up 22% monthly and 106% annually. Net Deposits hit $5.6 billion, showing a 42% annualized growth rate.

Trading volumes showed significant increases: Equity trading reached $147.1 billion (+16% MoM), while Crypto trading volumes surged to $35.2 billion (+500% MoM). Margin balances grew to $6.8 billion (+10% MoM), and Cash Sweep balances increased to $26.5 billion (+4% MoM). Securities Lending Revenue reached $23 million, up 21% from October.

Robinhood Markets (NASDAQ: HOOD) reported strong operational growth in October 2024. Funded Customers reached 24.4 million, with Assets Under Custody hitting $159.7 billion, up 89% year-over-year. The company recorded Net Deposits of $5.2 billion, representing a 41% annualized growth rate. Trading volumes showed significant increases across all segments: Equity trading reached $126.4 billion (up 149% YoY), Options contracts hit 158.0 million (up 64% YoY), and Crypto trading volume was $5.6 billion (up 143% YoY). Margin balances grew to $6.2 billion, while Total Cash Sweep balances reached $25.5 billion.

Robinhood Markets (NASDAQ: HOOD) has announced its participation in the upcoming Wolfe Research Wealth Symposium on November 13, 2024. Chief Financial Officer Jason Warnick will deliver a presentation at 11:45 AM ET / 8:45 AM PT. The presentation will be accessible via live audio webcast on investors.robinhood.com, with a replay available for at least 90 days afterward on the same platform.

Leading fintech and digital asset companies have launched the Global Dollar Network, an open network aimed at accelerating worldwide stablecoin adoption. The initiative, led by Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood, introduces USDG, a new stablecoin issued from Singapore by Paxos that complies with MAS's upcoming stablecoin framework. The network is designed to provide proportionate economic benefits to all partners and revolutionize the stablecoin market by addressing current limitations in enterprise adoption. DBS Bank will serve as the primary banking partner for cash management and USDG reserves custody.

Robinhood (HOOD) reported strong Q3 2024 results with total net revenues up 36% year-over-year to $637 million. The company achieved net income of $150 million, or $0.17 diluted EPS, compared to a net loss in Q3 2023. Transaction-based revenues increased 72% to $319 million, driven by growth in options, cryptocurrencies, and equities. Assets Under Custody grew 76% to $152.2 billion, while Funded Customers reached 24.3 million. Gold Subscribers increased 65% to 2.2 million. The company launched Robinhood Legend desktop platform and plans to introduce futures and index options trading.

Robinhood has announced its first Investor Day, scheduled for December 4, 2024 in New York City. The event will be live streamed, with options for both institutional and retail investors and analysts to attend in person. During the event, Robinhood plans to share its long-term vision for the next decade and beyond, focusing on how this vision can drive customer and shareholder value. The company will also provide an opportunity for investors and analysts to ask questions. For more details, interested parties are directed to visit the investor relations section of Robinhood's website.

Robinhood Crypto has launched crypto transfers for customers in Europe, allowing them to deposit and withdraw over 20 cryptocurrencies. This feature, one of the most requested in the region, offers greater flexibility and control over digital assets. For a time, customers will receive a 1% match on all crypto deposits, subject to terms.

Additional benefits include:

• Trading 35+ cryptocurrencies at low costs
• Zero-fee Bitcoin trading with a 30 BTC sign-up bonus
• Solana staking with an estimated 5.23% APY
• 15% rewards on USDC holdings
• Earn rewards for learning about cryptocurrencies

Robinhood Crypto emphasizes security, holding the majority of crypto in cold storage and offering crime insurance against theft and cybersecurity breaches.

Robinhood Markets, Inc. (NASDAQ: HOOD) has announced that it will release its third quarter 2024 financial results on Wednesday, October 30, 2024, after market close. An earnings conference call will be held at 2:00 PM PT / 5:00 PM ET on the same day. A live webcast and supporting materials will be available at investors.robinhood.com, with a replay and transcript posted later.

Shareholders can submit and upvote questions for management using Say Technologies' Q&A platform from October 23 to October 29, 2024. The platform will be accessible at app.saytechnologies.com/robinhood-markets-2024-q3. Management will address selected upvoted questions during the earnings call.