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Sep 30, 2022
Robinhood Q3 2022 Earnings Report
Robinhood achieved adjusted EBITDA profitability and increased total net revenues in the third quarter.
Key Takeaways
Robinhood's Q3 2022 earnings report showed a sequential increase in total net revenues, driven by growth in options and net interest revenue, and a reduction in operating expenses. The company achieved adjusted EBITDA profitability ahead of schedule, while net loss improved significantly.
Total net revenues increased 14% sequentially to $361 million.
Options revenue increased 10% sequentially to $124 million.
Net interest revenue increased 73% sequentially to $128 million.
Adjusted EBITDA was positive $47 million, a sequential improvement of $127 million.
Revenue by Segment
Forward Guidance
Robinhood expects GAAP total operating expenses for full-year 2022 to be in the range of $2.34 billion to $2.40 billion, representing a decrease of approximately 31% to 32% from the prior year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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