Record Revenues of $618 million, up 40% year-over-year and Record GAAP Diluted EPS of $0.18
Record Net Deposits of $11.2B, including net positive transfers from every major incumbent brokerage firm
Gold Subscribers reached a new high of 1.7 million, up 42% year-over-year
MENLO PARK, Calif., May 08, 2024 (GLOBE NEWSWIRE) — Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced financial results for the first quarter of 2024, which ended March 31, 2024.
“We continued to aggressively execute on our product roadmap in Q1, leading to all-time highs for Net Deposits and Gold Subscribers,” said Vlad Tenev, CEO and Co-Founder of Robinhood. „Q2 is off to a strong start with April being our highest month of the year for Net Deposits and Gold Subscriber growth, and we’re excited to see strong interest from over 1 million customers in our Robinhood Gold Card.”
„We delivered significant revenue growth and margin expansion in Q1 as we remain focused on driving another year
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