Robinhood Reports Third Quarter 2021 Results

The Dogecoin Effect: Robinhood (HOOD) Stock Plunges 11% on Disappointing Results as Crypto Trading Revenue Plummets, Expects Headwind to Continue in Q4; Analyst Lower PTs

Shares of Robinhood (NASDAQ: HOOD) are down nearly 10% in pre-open Wednesday after the company reported worse-than-expected Q3 results.

HOOD reported negative EPS of $2.06, worse than the analyst estimate of negative $1.36. Revenue for the quarter came in at $365 million versus the consensus estimate of $431.27 million.

"This quarter was about developing more products and services for our customers, including crypto wallets. More than one million people have joined our crypto wallets waitlist to date. With 24/7 live phone support, we believe that Robinhood is becoming the most trusted and intuitive platform for retail and crypto... More

Robinhood (HOOD) Stock Dips 8% on Worse Than Expected Q3 Results as MAUs Drop, Equities Dip 27%, and Crypto Rises 860%

Robinhood (NASDAQ: HOOD) stock fell over 8% after the company reported its Q3 results, with both EPS of ($2.06) and revenue of $365 million (up 35% year-over-year) missing the Street estimates of ($1.36) and $431.27 million, respectively.

Revenues from transactions, options, and cryptocurrencies grew 32%, 29%, 860% year-over-year, respectively, while equities decreased 27%. Cryptocurrencies revenue totaled $51 million in the quarter, eclipsing equities revenue of $50... More

Robinhood (HOOD) Misses Q3 EPS by 70c, Revenues Miss

Robinhood (NASDAQ: HOOD) reported Q3 EPS of ($2.06), $0.70 worse than the analyst estimate of ($1.36). Revenue for the quarter came in at $365 million versus the consensus estimate of $431.27 million.

"This quarter was about developing more products and services for our customers, including crypto wallets,"... More