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Sep 30, 2023
Robinhood Q3 2023 Earnings Report
Reported a 29% increase in total net revenues year-over-year, driven by higher net interest and other revenues, offset by lower transaction-based revenues.
Key Takeaways
Robinhood's Q3 2023 results showed revenue growth driven by net interest income, while managing expenses and reducing share count. The company is expanding into the UK and EU markets.
Total net revenues increased 29% year-over-year to $467 million.
Net loss was $85 million, or earnings per share (EPS) of -$0.09.
Net Deposits were $4.0 billion, translating to an annualized growth rate of 18% relative to AUC at the end of Q2 2023.
Average Revenue Per User (ARPU) increased by 27% year-over-year to $80.
Revenue by Segment
Forward Guidance
Robinhood's expense outlook for 2023 has been updated based on Q3 2023 results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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