Reports Q1 revenue $927M, consensus $917.16M. Reports net deposits grew to a record $18.0B, and Robinhood (HOOD) Gold Subscribers reached a record 3.2M. “This quarter, we significantly accelerated product innovation across our key initiatives, highlighted by the announcement of Robinhood Strategies, Banking, and Cortex,” said Vlad Tenev, CEO of Robinhood. “Customers have clearly responded – demonstrated by record-breaking net deposits, Robinhood Gold subscriptions, and options volume, as well as robust year-over-year growth in trading across all asset classes.”
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