Robinhood (HOOD) Misses Q2 EPS by 2c, Offers Outlook
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Robinhood Reports Second Quarter 2022 Results
August 2, 2022 4:15 PM EDTMENLO PARK, Calif., Aug. 02, 2022 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (Robinhood) (NASDAQ: HOOD) today announced financial results for the second quarter of 2022, which ended June 30, 2022.
Total net revenues increased 6% sequentially to $318Â million.Transaction-based revenues decreased 7% sequentially to $202 million. Options decreased 11% sequentially to $113Â million.Cryptocurrencies increased 7% sequentially to $58 million.Equities decreased 19% sequentially to $29 million. Net interest revenue increased 35% sequentially to $74 million.Net loss was $295 million, or $0.34 per diluted share, compared with net loss of $392Â million, or $0.45 per... More