Robinhood (HOOD) Q2 Revenue Tops Consensus
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Robinhood Reports Second Quarter 2023 Results
August 2, 2023 4:03 PM EDTGAAP Net Income was $25 million and GAAP Earnings Per Share was $0.03
MENLO PARK, Calif., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (Robinhood) (NASDAQ: HOOD) today announced financial results for the second quarter of 2023, which ended June 30, 2023.
Second Quarter Results:
Total net revenues increased 10% sequentially to $486Â million, primarily due to seasonally higher proxy revenue and higher net interest revenues, partially offset by lower transaction-based revenues.Transaction-based revenues decreased... More