Robinhood (HOOD) Stock Dropped 12% on Disappointing Q1/22 Guidance
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Robinhood Reports Fourth Quarter and Full Year 2021 Results
January 27, 2022 4:01 PM ESTMENLO PARK, Calif., Jan. 27, 2022 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (Robinhood) (NASDAQ: HOOD) today announced financial results for the fourth quarter and full year ended December 31, 2021.
Total net revenues for the quarter increased 14% to $363 million, compared with $318 million in the fourth quarter of 2020, and for the year increased 89% to $1.82 billion, compared with $959 million for the year ended December 31, 2020.Transaction-based revenues for the quarter increased 12% to $264 million, compared with $235 million in the fourth quarter... More