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. (NASDAQ: HOOD) is a Menlo Park, California-based financial services company that describes itself as a modern, app-based platform for trading and investing. The HOOD news feed on Stock Titan focuses on company announcements, operating metrics, and regulatory disclosures that shape how investors view Robinhood’s business and its stock.
Robinhood regularly issues press releases with monthly operating data, covering funded customers, total platform assets, net deposits, trading volumes in equities, options, crypto, and event contracts, as well as margin balances, cash sweep balances, and securities lending revenue. These updates provide a recurring view into customer engagement and activity across the platform’s core asset classes.
In addition to operating metrics, Robinhood publishes quarterly earnings results that detail transaction-based revenues, net interest revenues, other revenues, net income, and key performance indicators such as average revenue per user and Robinhood Gold subscribers. Earnings releases are often accompanied by information about product developments, including advances for active traders, prediction markets, advisory products like Robinhood Strategies, and international and crypto-related initiatives.
News for HOOD also includes corporate updates such as participation in investor conferences, partnerships like the exclusive mortgage offer for eligible Robinhood Gold subscribers through Sage Home Loans, and transactions such as the planned acquisition of a majority stake in MIAX Derivatives Exchange in partnership with Susquehanna International Group. Regulatory-related communications, including references to SEC filings and disclosure practices under Regulation Fair Disclosure, further inform investors about Robinhood’s governance and reporting framework.
By following the Robinhood (HOOD) news page, readers can review a consolidated stream of company-issued information, from monthly metrics and earnings to product launches and strategic partnerships, to better understand developments that may influence the HOOD stock narrative over time.
Robinhood Markets (NASDAQ: HOOD) will participate in the Piper Sandler Global Exchange and Trading Conference on June 5, 2024. Chief Brokerage Officer Steve Quirk is scheduled to present at 11:30 AM PT / 2:30 PM ET. A live audio webcast of the presentation will be accessible on Robinhood's investor relations website, with a recording available for replay for at least 90 days.
Robinhood Markets will present at the Deutsche Bank Global Financial Services Conference on May 30, 2024. CFO Jason Warnick will speak at 10:00 AM PT / 1:00 PM ET. A live audio webcast will be available on the company's investor website, with a replay accessible for 90 days.
Robinhood Markets reported its operating data for April 2024. The platform saw an increase in funded customers, reaching 24 million, reflecting a growth of 90,000 from March 2024. However, Assets Under Custody (AUC) fell by 5% to $123.3 billion. Net deposits were $4.9 billion for April, showing a 45% annualized growth rate compared to the previous month. Trading volumes for options increased by 7%, but volumes for equities and crypto declined by 17% and 57% respectively. Margin balances remained stable at $4.1 billion, while cash sweep balances rose by 1% to $19.1 billion. Securities lending revenue saw a significant increase of 24%, reaching $21 million. The data highlights a mixed performance in various areas of the business.
Robinhood Crypto is enhancing its offerings for European customers by introducing staking, localized apps, and various incentives. Starting May 15, 2024, European users can stake Solana (SOL) directly through the app and earn rewards with flexible unstaking options.
New users can also earn a 10% bonus on their net buys in the first 30 days, paid in USDC. The platform is launching local language versions of its app in Italy, Poland, and Lithuania to improve accessibility and user experience.
Additionally, Robinhood Crypto has launched 'Learn & Earn' modules focused on AVAX, BTC, and USDC, which will soon be available in multiple languages, including Italian, Polish, and Lithuanian.
These initiatives aim to attract new users, enhance education, and meet the specific needs of European crypto traders.
Robinhood Markets announced today that it will participate in the J.P. Morgan Global Technology, Media and Communications Conference on May 21, 2024. Chief Brokerage Officer Steve Quirk is set to present at 12:05 PM PT / 3:05 PM ET. Interested individuals can listen to a live audio webcast on the company's investor relations website, with a recording available for replay for 90 days post-event.
Robinhood reported strong financial results for the first quarter of 2024, with record revenues of $618 million, up 40% year-over-year, and record GAAP diluted EPS of $0.18. The company also achieved record net deposits of $11.2 billion, while Gold Subscribers reached a new high of 1.7 million, up 42% year-over-year. Robinhood's total net revenues increased by 40% year-over-year to $618 million, driven by growth in transaction-based revenues, net interest revenues, and other revenues. The company's net income increased significantly, turning a net loss from the previous year into positive earnings per share. Adjusted EBITDA increased by 115% year-over-year, and funded customers, investment accounts, and assets under custody all saw growth compared to the previous year. Robinhood continues to drive value for customers with new products and features, such as the Gold Credit Card and the 1% unlimited deposit boost. The company's financial outlook includes growth investments in new products, features, and international expansion, with expected total operating expenses for 2024 in the range of $1.85 billion to $1.95 billion.
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