GAAP Net Income was $25 million and GAAP Earnings Per Share was $0.03
MENLO PARK, Calif., Aug. 02, 2023 (GLOBE NEWSWIRE) — Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced financial results for the second quarter of 2023, which ended June 30, 2023.
Second Quarter Results:
Total net revenues increased 10% sequentially to $486 million, primarily due to seasonally higher proxy revenue and higher net interest revenues, partially offset by lower transaction-based revenues.Transaction-based revenues decreased 7% sequentially to $193 million. Options decreased 5% to $127 million.Cryptocurrencies decreased 18% to $31 million.Equities decreased 7% to $25 million. Net interest revenue increased 13% sequentially to $234 million, driven by growth in interest earning assets, higher short term interest rates, and increased securities lending activity.Net income was $25 million, or earnings per share (EPS) of $0.03, compared with a net loss of $511 million, or EPS of –
We współpracy z: https://www.crypto-reporter.com/newsfeed/robinhood-reports-second-quarter-2023-results-49157/
