Reports Q2 revenue $989M, consensus $913.33M. Funded customers increased by 2.3M, or 10%, year-over-year to 26.5M. Average revenue per user increased 34% year-over-year to $151. “We delivered strong business results in Q2 driven by relentless product velocity, and we launched tokenization-which I believe is the biggest innovation our industry has seen in the past decade,” said Vlad Tenev, chairman and CEO of Robinhood (HOOD).
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HOOD:
- Notable companies reporting after market close
- Robinhood options imply 8.0% move in share price post-earnings
- Robinhood (HOOD) Is About to Report Q2 Earnings Tomorrow. Here Is What to Expect
- This Is ‘the Largest Transformation of Wealth in Human History,’ Says eToro (ETOR) CEO
- GOOGL, AMD, COIN, HOOD: Cathie Wood Ups Tech Bets, Trims Fintech Stakes
