Reported 27 days ago
In its third quarter earnings report, Robinhood Markets reported a revenue of $637 million, falling short of expectations of $663.5 million, while adjusted earnings were $0.17 per share, just a cent below the forecast. Analyst Devin Ryan commented that despite the revenue miss, customer assets have surged by about 50% since the start of the year, indicating a positive long-term outlook for the company. Despite a drop in shares over 10% after hours trading, the introduction of a new election betting market feature shows Robinhood's commitment to expanding its services for retail traders.
Source: YAHOO