Robinhood Posts Record Q3 Revenue of $1.4 Billion, Up 12% From a Year Earlier
JH Kim
Summary
- Robinhood said third-quarter revenue reached $1.4 billion, marking a 12% increase from a year earlier and setting a record high.
- It also reported net deposits of $16 billion for the same period, indicating continued inflows of customer funds.
- The company said Robinhood Gold subscriptions reached 5.2 million, a new all-time high.
Forecast Trend Report by Period
Robinhood, the U.S. online brokerage platform, posted record revenue in the third quarter. Net deposits totaled $16 billion, and subscriptions to its paid Robinhood Gold service climbed to an all-time high.
According to Robinhood's third-quarter results released on October 27, revenue came in at $1.4 billion, up 12% from a year earlier.
Net deposits were $16 billion in the same period. The figure measures customer deposits minus withdrawals from their accounts.
Robinhood Gold, the company's paid subscription service, had 5.2 million subscribers, also a record high.
JH Kim
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