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.
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Robinhood Markets (NASDAQ: HOOD) announced its upcoming release of first quarter 2023 financial results scheduled for May 10, 2023, after market close. An earnings conference call will follow at 2:00 PM PT/5:00 PM ET, with a live webcast available at investors.robinhood.com. Shareholders can engage by submitting questions via Say Technologies' platform starting May 3, 2023, until May 9, 2023. The Q&A session will allow management to address selected queries regarding business and financial performance during the earnings call.
Capitalize has partnered with Robinhood to help customers locate and consolidate old 401(k)s, addressing the $1.4 trillion in unclaimed assets. This collaboration will simplify the rollover process into Robinhood's individual retirement accounts (IRAs).
Since launching Robinhood Retirement, nearly 500,000 customers have utilized the platform, which offers a unique 1% annual match. To promote this service, Robinhood is providing an extra 1% bonus on transfers from external accounts until April 18. The partnership aims to tackle the challenge of tracking retirement savings, as millions struggle to roll over funds from previous jobs.
Robinhood Markets (HOOD) reported its operating metrics for February 2023, revealing a net cumulative funded accounts (NCFA) of 23.1 million, a slight increase of 50,000 from January. Monthly active users (MAU) remained stable at 12.0 million, yet this reflects a 28% decline year-over-year. Assets under custody (AUC) were stable at $74.7 billion, while net deposits rose to $1.5 billion, marking a 25% annualized growth. Trading volumes increased for equities ($57.3 billion, up 25%) and options (89.4 million contracts, up 8%), but dropped for cryptocurrencies ($3.5 billion, down 7%). Margin balances increased to $3.3 billion, and cash sweep balances grew to $8.0 billion.
Robinhood Markets (NASDAQ: HOOD) will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2023. CEO and Co-Founder Vlad Tenev is set to present at 2:35 PM ET / 11:35 AM PT. A live audio webcast will be available on the investor relations website, with a replay accessible for at least 90 days post-event. Robinhood aims to democratize finance by allowing investments with no account minimums, crypto trading, and providing educational content.
Robinhood Markets (NASDAQ: HOOD) announced its participation in the JMP Securities Technology Conference on March 7, 2023. CFO Jason Warnick will present at 4:00 PM ET (1:00 PM PT). Interested individuals can access a live audio webcast via the investor relations section on their website at investors.robinhood.com. A recorded version will be available for replay for at least 90 days following the event. Robinhood aims to democratize finance, offering investment opportunities with no minimums, cryptocurrency trading, and accessible educational content.
On February 15, 2023, Robinhood Markets (NASDAQ: HOOD) reported its January 2023 operating metrics. The company saw positive trends with Net Cumulative Funded Accounts increasing to 23 million, up by 60,000 from December 2022.
Monthly Active Users rose to 12 million, an increase of 600,000 month-over-month. Notably, Assets Under Custody grew by 20% to $74.7 billion, while Net Deposits totaled $1.4 billion. Trading volumes were also robust, with equity volumes reaching $46 billion (up 19%), and crypto trading volumes soaring 95% to $3.7 billion.
Robinhood Markets, Inc. (NASDAQ: HOOD) reported a 5% increase in fourth-quarter net revenues, totaling $380 million, despite an 11% drop in transaction-based revenues to $186 million. The company reduced its net loss to $166 million, improving from $175 million in the third quarter. Co-founders Vlad Tenev and Baiju Bhatt cancelled nearly $500 million in share-based compensation, aiming to lower operating costs. The Board approved a plan to buy back shares from Emergent Fidelity Technologies. Operating expenses remained stable at $534 million, while cash reserves stood at $6.3 billion, supporting future growth initiatives.