Robinhood Markets has made its name as a place for younger investors to day trade meme stocks, crypto and options on their phones. And on Wednesday’s (Oct. 30) third quarter 2024 earnings call, the retail trading platform’s executives emphasized to investors that their main aim is now to increase wallet share of existing investors while attracting a broader group to its platform.Per its materials, the company’s assets under custody increased 76% year over year (YoY) to $152.2 billion, driven by continued ne ...

Robinhood Markets, Inc. (HOOD) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -5.56%. A quarter ago, it was expected that this company would post earnings of $0.15 per share when it actually produced earnings of $0.21, delivering a surprise of 40%. Over the last four quarters, the compa ...

财务业绩 - 总收入同比增长36%至6.37亿美元[178] - 净利润为1.5亿美元，每股摊薄收益为0.17美元，上年同期净亏损0.85亿美元，每股摊薄亏损0.09美元[178] - 总运营费用下降10%至4.86亿美元[178] - 股份支付费用下降5%至0.79亿美元[178] - 调整后EBITDA同比增长96%至2.68亿美元[179] 客户指标 - 活跃客户人数增加4%至2430万[179] - 客户资产总值增加76%至1522亿美元，主要由于持续的净资金流入和股票及加密货币估值上升[179] - 过去12个月净资金流入390亿美元，增长率为45%[179] - 人均收益增加31%至105美元[179] - 金卡会员人数增加65%至219万[179] 收入构成 - 公司交易量相关收入增长72%和67%，主要驱动因素包括加密货币交易量增长57%和77%，期权交易量增长47%和37%，股票交易量增长41%和32%[193][194][195][196] - 净利息收入增长9%和17%，主要受益于利息收益资产总额的增长，但受到公司现金及投资利息收入下降的抵消[198] - 加密货币交易收入占总收入的比重从5%增加至9%，期权交易收入占比从27%增加至32%[193] - 股票交易收入占比从5%增加至6%[193] 成本费用 - 公司支付给客户的期权激励金额为1700万美元和2500万美元[195] - 总运营费用占总收入的76%，较2023年第三季度下降39个百分点[203] - 经纪和交易成本保持平稳[204] - 技术和开发成本略有增加,主要是由于云基础设施费用增加以满足更高交易量的需求[205] - 运营成本增加,主要是由于信用卡损失准备金增加[207] - 营销成本大幅增加,主要是由于数字营销和品牌营销投入增加[208] - 一般及行政费用大幅下降,主要是由于历史监管事项相关的和解及罚款费用减少[210] 税收和现金流 - 所得税费用三个月期间下降,九个月期间上升[211,212] - 公司认为未来24个月内可能有足够的积极证据撤销大部分美国的估值准备[213] - 公司主要流动性来源为经营活动产生的现金流和现金等价物,未来还可能通过信贷额度和发行新债券或股票[214,215] - 2023年前9个月经营活动产生的现金流增加了10.22亿美元,主要由于净收入增加10.7亿美元[221] - 2023年前9个月投资活动使用的现金减少3.97亿美元,主要由于持有至到期投资的购买减少1.82亿美元和到期收回增加2.72亿美元[222] - 2023年前9个月筹资活动使用的现金减少4.52亿美元,主要由于股票回购减少5.11亿美元和信用卡融资信托借款增加0.95亿美元[223] 风险管理 - 公司建立了全面的利率风险管理政策,以识别、实施和分析利率风险对净利息收入的影响[235] - 公司通过要求客户维持足够的抵押品、每日监控抵押品价值等方式管理证券抵押贷款和证券借贷活动的风险[237] - 利率风险测量涉及固有不确定性假设,实际结果可能与模拟结果存在差异,如资产负债规模变化、利率变动时间、幅度和频率以及市场条件和管理策略变化[236] - 公司间接面临与保证金应收款项担保的股票证券风险以及证券借贷活动相关风险,通过要求客户维持合规担保品、每日监控、及时追加担保等方式进行管理[237]

业绩总结 - Q3 2024的总净收入为6.82亿美元，同比增长36%[8] - Q3 2024的调整后EBITDA为4.67亿美元，同比增长96%[8] - Q3 2024的每股稀释收益（EPS）为0.18美元，同比增长0.26美元[8] - Q3 2024的调整后EBITDA利润率为42%[8] - Q3 2024的净存款为39亿美元，年增长率为45%[7] - Q3 2024的调整后运营费用为3.53亿美元，同比增长12%[8] 用户数据 - Q3 2024的资金客户数量为24.3百万，同比增长1百万，环比增加16万[7] - Q3 2024的黄金订阅用户数量为2.19百万，同比增长860千，环比增加210千[7] - Q3 2024的投资账户数量同比增加约150万，达到2510万[13] - Q3 2024的月活跃用户(MAU)增加至1100万，同比增长70万[60] 未来展望 - 公司预计2024年稀释率将保持在2%或更低[5] - 2024年调整后的运营费用和股权激励费用的预期为18.5亿至19.5亿美元[33] - 2024年展望中，预计资金客户的增长率将影响营销成本[98] 新产品和新技术研发 - Robinhood的退休账户资产在2024年第三季度增长至近100亿美元[16] - 2024年第三季度，Robinhood的ETF余额约为280亿美元，占总股票资产的27%[16] 市场扩张和并购 - 2024年第三季度，Robinhood的股票交易量为2860亿美元，同比增长65%[23] - 2024年第三季度，加密货币交易量为140亿美元，同比增长112%[23] - 2024年第三季度，期权合约交易量为4.43亿，同比增长47%[23] 负面信息 - 2023年第三季度，公司因历史监管事项计提了1.04亿美元的费用[97] - 2022年第四季度，由于处理错误，公司在Cosmos Health, Inc.的交易中损失了5700万美元[97] - 2024年，预计将面临潜在的重大监管事项和其他重大费用[98] 其他新策略和有价值的信息 - 公司在第三季度回购了500万股股票，向股东返还9700万美元[43] - 截至2024年9月30日，公司拥有超过50亿美元的企业现金和投资[41] - 第三季度每用户平均收入（ARPU）为105美元，同比增长36%[24]

Robinhood Reports Third Quarter 2024 Results Second highest Revenues on record, up 36% year-over-year to $637 million GAAP Diluted EPS of $0.17, up $0.26 year-over-year Year-to-date Net Deposits of $34 billion, Revenues of $1.94 billion, and GAAP Diluted EPS of $0.55 have all exceeded prior full year records MENLO PARK, Calif. – October 30, 2024 – Robinhood Markets, Inc. ("Robinhood") (NASDAQ: HOOD) today announced financial results for the third quarter of 2024, which ended September 30, 2024. "I'm really ...

Second highest Revenues on record, up 36% year-over-year to $637 millionGAAP Diluted EPS of $0.17, up $0.26 year-over-yearYear-to-date Net Deposits of $34 billion, Revenues of $1.94 billion, and GAAP Diluted EPS of $0.55 have all exceeded prior full year records MENLO PARK, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced financial results for the third quarter of 2024, which ended September 30, 2024. “I'm really proud of our Q3 results and how s ...

You can bet on the election on Robinhood, but the details of how this is done are important for Robinhood's long-term growth.Robinhood (HOOD 3.03%) announced a new election product on Monday, which shows how quickly advanced products like swaps are making it to the trading platform. In this video, Travis Hoium covers what a swap contract is and how this could be a big part of Robinhood's future growth.*Stock prices used were end-of-day prices of Oct. 28, 2024. The video was published on Oct. 28, 2024. ...

Robinhood announced on Monday it is tapping into a growing politics prediction market by allowing users to trade Kamala Harris or Donald Trump contracts on the 2024 presidential election. Users were able to start trading as long as they met certain qualifications, like being a US citizen, the investing platform said in a press release. The event contract is being offered by Robinhood Derivatives and ForecastEx. The contracts will be priced between two cents and 99 cents, earning a $1 payout if the user gues ...

Key TakeawaysRobinhood Markets is allowing customers to trade on the outcome of the U.S. presidential election.The company's event contract allows investors who are U.S. citizens to choose either Vice President Kamala Harris or former President Donald Trump.Robinhood joined Interactive Brokers Group and Kalshi in offering presidential election event contracts. Robinhood Markets (HOOD) shares advanced Monday after the online trading platform announced that its customers could now make trades on the outcome o ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...