Record-Breaking Revenue and Growth
Revenue increased by 50% year-over-year, with trading volumes up double-digits year-over-year and a record quarter for options trading. Robinhood saw net deposits of $18 billion in the quarter.
Expansion of Product Offerings
Launched futures and prediction markets with significant growth, and introduced new products like Robinhood Strategies, Cortex, and Banking. Futures saw over 4.5 million contracts traded in April, more than all of Q1.
Strong Growth in Robinhood Gold
Gold subscribers nearly doubled year-over-year to 3.2 million, with new customers adopting Gold at a 33% rate. Gold cardholders doubled to 200,000, and retirement assets increased by 20% to $16 billion.
International Expansion and Acquisitions
Acquisition of TradePMR brought over $40 billion of platform assets. International customers increased to over 150,000, and the Bitstamp acquisition is on track to close mid-year.
Financial Performance and Share Repurchase
EPS more than doubled, with adjusted EBITDA margins expanding. Over $650 million deployed in share repurchase, with plan increased to $1.5 billion.