Robinhood (HOOD) Tops Q1 EPS by 5c; Revenues Beat

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Robinhood Reports First Quarter 2023 Results

May 10, 2023 4:05 PM EDT

Robinhood Announces Launch of 24 Hour Market

MENLO PARK, Calif., May 10, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (Robinhood) (NASDAQ: HOOD) today announced financial results for the first quarter of 2023, which ended March 31, 2023.

First Quarter Results:

Total net revenues increased 16% sequentially to $441 million.Transaction-based revenues increased 11% sequentially to $207 million. Options increased 7% to... More