Robinhood (HOOD) Tops Q3 EPS, Revenues Miss

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Robinhood Reports Third Quarter 2023 Results

November 7, 2023 4:06 PM EST

Company plans to launch UK Brokerage operations and EU Crypto trading in the coming weeks

MENLO PARK, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (Robinhood) (NASDAQ: HOOD) today announced financial results for the third quarter of 2023, which ended September 30, 2023.

Third Quarter Results:

Total net revenues increased 29% year-over-year to $467 million, primarily due to higher net interest and other revenues, partially offset by lower transaction-based revenues.Net interest revenues... More