Robinhood Reports First Quarter 2024 Results
MENLO PARK, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced financial results for the first quarter of 2024, which ended March 31, 2024.
- Record Revenues of $618 million, up 40% year-over-year and Record GAAP Diluted EPS of $0.18
Record Net Deposits of $11.2B, including net positive transfers from every major incumbent brokerage firm
Gold Subscribers reached a new high of 1.7 million, up 42% year-over-year
MENLO PARK, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced financial results for the first quarter of 2024, which ended March 31, 2024. - "We delivered significant revenue growth and margin expansion in Q1 as we remain focused on driving another year of profitable growth in 2024,” said Jason Warnick, Chief Financial Officer of Robinhood.
- Robinhood UK Reaches Full Availability - Marking another step in global expansion, Robinhood rolled all eligible customers off the waitlist in March.
- Robinhood will host a conference call to discuss its results at 2 p.m. PT / 5 p.m.