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TheBlock 2022-11-05 01:18:25

Analysis of Robinhood’s Q3’22 Earnings

Quick TakeOn November 2, 2022, Robinhood reported Q3’22 earnings Launched Robinhood Wallet, their self-custody Web 3 wallet to the first 10,000 customers off their May-22 waitlist Outlined the future of their platform and digital asset strategy on November 2 earnings discussion Robinhood closed November 4 at $12.28 / share, a (0.41%) decline in 1-day trading and (67%) LTM declineReported 12.2mm monthly active users (MAU) and 22.9mm net cumulative funded accounts$65bn assets under custody (AUC) as of September 30, 2022 Generated $361mm revenue and $47mm Adj. EBITDA, with Adj. EBITDA margin approaching pre-crisis levels

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