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WOLF
@WOLF_Financial
The Largest Source of Financially Related Content and Creators | Marketing Partners w/ @nasdaq @Cboe and more.
Joined September 2020
425 Following    481K Followers
ROBINHOOD $HOOD JUST REPORTED Q2 EARNINGS - Revenue of $1.31B, up 32% YoY, a record - Diluted EPS of $0.62, up 48% YoY - Net income of $573M, up 48% YoY - Adjusted EBITDA of $741M, up 35% YoY Revenue breakdown: - Transaction-based revenue: $776M, up 44% YoY - Event contracts revenue: $156M, up over 10x YoY - Options revenue: $342M, up 29% YoY - Equities revenue: $129M, up 95% YoY - Cryptocurrencies revenue: $100M, down 38% YoY - Net interest revenue: $389M, up 9% YoY Other Q2 metrics: - Net Deposits: record $22B - Robinhood Gold Subscribers: record 4.8M, up 39% YoY - Funded Customers: 28.4M, up 7% YoY - Total Platform Assets: $369B, up 32% YoY - ARPU: $187, up 24% YoY - Margin Book: record $21.6B, up 127% YoY - Equity notional trading volume: record $956B, up 85% YoY - Options contracts traded: record 774M, up 50% YoY - Event contracts traded: record 13.6B, up over 10x YoY Robinhood now has 13 business lines generating $100M+ in annualized revenue, including newly added Robinhood Legend and the Credit Card business (which crossed $100M annualized revenue with the Gold Card surpassing 1 million customers). Trump Accounts officially launched July 4th and have already reached over 7 million sign-ups with nearly $1.5 billion deposited. CEO Vlad Tenev: "Whether it's the Robinhood Chain, Robinhood Ventures, or Trump Accounts, our product velocity is focused on one goal: making everyone an owner."
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