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Robinhood (HOOD) Provides Investor Updates

December 4, 2023 4:44 PM

Robinhood (NASDAQ: HOOD) disclosed:

Robinhood Provides Investor Updates
Ahead of management meetings with the investment community, Robinhood Markets, Inc. (“Robinhood,” or the “Company”) today provided early insight into certain November 2023 operating data and posted an investor presentation on the Company’s investor relations website.
November 2023 Early Color
In November 2023, customers contributed roughly $1.4 billion of Net Deposits to Robinhood. Additionally, November Equity Notional Trading Volumes and Options Contracts Traded were roughly in line with October 2023 levels, and November Crypto Notional Trading Volumes were roughly 75% above October 2023 levels. The Company plans to release its full November 2023 Operating Data in the coming weeks.
Investor Presentation
In addition, the Company provided an investor presentation, which investors can find on its website investors.robinhood.com and is attached as Exhibit 99.1 hereto.
Definitions:
Net Deposits: We define “Net Deposits” as all cash deposits and asset transfers received from customers, net of reversals, customer cash withdrawals, and other assets transferred out of our platform (assets transferred in or out include debit card transactions, Automated Customer Account Transfer Service (“ACATS”) transfers, and custodial crypto wallet transfers) for a stated period.
Notional Trading Volume: We define "Notional Trading Volume" or "Notional Volume" for any specified asset class as the aggregate dollar value (purchase price or sale price as applicable) of trades executed in that asset class over a specified period of time.
Options Contracts Traded: We define "Options Contracts Traded" as the total number of options contracts bought or sold over a specified period of time. Each contract generally entitles the holder to buy or sell (as applicable) 100 shares of the underlying stock.

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