The earnings call reflects a strong positive sentiment with significant financial growth, an increase in customer assets, and successful product launches. However, there are minor concerns about regulatory impacts and the effectiveness of certain promotional strategies.

Company Guidance

During the Robinhood Q3 2024 earnings call, significant progress was reported across several key metrics. The company achieved $10 billion in net deposits for the third consecutive quarter, bringing the year-to-date total to $34 billion, surpassing the 2020 record of $31 billion. This contributed to a record high of $152 billion in customer assets under custody. Options contracts saw a 47% increase year-over-year, reaching 1.2 billion year-to-date, setting a new annual record. Revenues for Q3 grew 36% year-over-year, with adjusted EBITDA nearly doubling to $268 million, marking the fourth consecutive quarter of GAAP profitability. Additionally, Robinhood Gold subscriptions hit an all-time high of 2.2 million, contributing to record annualized recurring revenue of $110 million. The introduction of the Robinhood Gold Card was well-received, with early data showing a 95% retention rate post-first transaction. The company also reported achieving its second-highest revenues ever and continued to see strong momentum heading into October.

Record-Breaking Net Deposits and Customer Assets

Q3 net deposits were $10 billion for the third straight quarter, bringing year-to-date deposits to $34 billion, surpassing the previous record of $31 billion in 2020. Customer assets under custody reached a record high of $152 billion.

Surge in Options Contracts and Revenue Growth

Q3 options contracts increased by 47% year-over-year, setting a new record. Total revenues grew 36% year-over-year, with adjusted EBITDA nearly doubling, showing a 96% increase.

Robinhood Gold Subscription Growth

Robinhood Gold subscriptions reached an all-time high of 2.2 million in Q3, contributing to record annualized recurring gold subscription revenue of over $110 million.

Introduction of New Financial Products

Launch of index options, futures, and a new state-of-the-art desktop platform, Robinhood Legend, aimed at active traders.

Strong Q3 Financial Performance

Q3 net income grew to $150 million, marking the fourth straight quarter of GAAP profitability and ninth straight quarter of positive adjusted EBITDA.

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Robinhood Markets (HOOD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HOOD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 23, 2025	2024 (Q4)	0.31 / -	0.03	―	―	―
Oct 30, 2024	2024 (Q3)	0.18 / 0.17	-0.09	288.89% (+0.26)
Aug 07, 2024	2024 (Q2)	0.16 / 0.21	0.03	600.00% (+0.18)
May 08, 2024	2024 (Q1)	0.06 / 0.18	-0.57	131.58% (+0.75)
Feb 13, 2024	2023 (Q4)	-0.01 / 0.03	-0.19	115.79% (+0.22)
Nov 07, 2023	2023 (Q3)	-0.10 / -0.09	-0.2	55.00% (+0.11)
Aug 02, 2023	2023 (Q2)	-0.01 / 0.03	-0.34	108.82% (+0.37)
May 10, 2023	2023 (Q1)	-0.62 / -0.57	-0.45	-26.67% (-0.12)
Feb 08, 2023	2022 (Q4)	-0.15 / -0.19	-0.49	61.22% (+0.30)
Nov 02, 2022	2022 (Q3)	-0.32 / -0.20	-2.06	90.29% (+1.86)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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HOOD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 30, 2024	$28.21	$23.49	-16.73%
Aug 07, 2024	$17.12	$17.73	+3.56%
May 08, 2024	$17.85	$17.30	-3.08%
Feb 13, 2024	$11.84	$13.38	+13.01%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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