Robinhood reports Q1 EPS 38c, consensus 43c

Reports Q1 revenue $1.07B, consensus $1.14B. Average Revenue Per User, ARPU, increased 8% year-over-year to $157. “In Q1, customers remained engaged and rapidly adopted new products, leading to a 20 percent-plus annualized net deposit growth rate, double digit growth across equities and options, and record volumes for prediction markets, futures, and index options,” said Shiv Verma, CFO. “And Q2 is off to a good start in April, as equity and option trading volumes are on track to be the highest month of the year, and even with tax season, net deposits are approximately $5B month-to-date. We believe there are massive opportunities ahead as we invest for the long term, ship products faster than ever to customers, and deliver value for shareholders.”