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Rob Beat Wall Street expectations in the second quarter Wednesday, extending hot stripes hot This year US Tech high stock tech stock.
Here is the results of Robinhood compared to Wall Street estimates, according to analysts by Lega:
- Share each earnings: 42 cents vs. 61 cents is expected
- Revenue: $ 989 million vs. 908 billion are expected
The revenue jumped over 45% to $ 989 million, and clean revenue doubled $ 386 million, rising by 105% from the same quarter last year.
The number of funded customers rose by 2.3 million to 26.5 million, releasing 26.1 million. Investment accounts increased by 10% year-on-year more than 27.4 million.
The total assets of the platform were almost doubled, raising 279 million a year earlier, clean deposit, acquired goods and greater equality and cryptural ratings, depending on the release.
The thief is closing the gap Kinbase It is encouraged beyond retail negotiations sold in the management of full-scale wealth. The company will be aged aggressively in terms of fidelity and Schwab customers aimed at customers, and the goods suffered by management has grown with their business acquisition.
Total operation expendances rose by 12% to $ 550 million. As not as GAGA, adapted operating costs and shares compensation rose by 6 to 522 million dollars, reflecting costs associated with the acquisition of Bitstamp.
Transaction-based income is a proxy for negotiation activity, including $ 539 million, before estimating $ 517 million in Streetaccount. The opportunity to help the negotiation $ 265 million, exceeding $ 250 million estimate, Crypto and equities were slightly below the income, and the high-margin derivatives were bent.
Cryptocurrency’s trade was expected by $ 160 million versus $ 168 million, and equities also lost the esteamaccount estimate in $ 69 million in dollars.
The income of net interest was $ 357 million, exceeding $ 306 million expectations. The EBITDA jumped 82% and 549 million dollars above 448 million dollars.
The average monthly income per user has risen $ 151 per year, exceeding $ 142 consensus.
Robinhouse Gold subscribers, higher money acquisition rates, higher immediate deposits and better research tools, rose by 1.5 million to 3.5 million users.
“We are making a lot of progress that I would call more passive long-term areas,” CFO JASON WARNICK CNBC said. “At the end of Q2 we had $ 19 billion in retirement accounts, and we already have a customer and half of retirement accounts, and we believe that there is more customers to set retirement accounts and start early benefits.”
In the company’s earnings, Rarnick said that new bets and prediction markets of Robinhood has also been removed, with customers to negotiate almost $ 1 million in terms of $ 1 million and more than $ 2 trillion for more than $ 2 trillion. He said the commitment is the strongest in sports betting, but he stated in the plans to spread the cultural and news market.
Vlad Tenev’s Director of the company has said that the company has “great opportunity” to help sports bets and technology to support the “different types of contracts” with plans to expand offers.
Tenev stopped launching the launch of the falling robber, leaving new products to customers “to bring them more to their assets” on the platform.
“We’ve taken the inside from the inside to the full basis of employees. It’s very good,” Tenev said. “I think you really will like it. It’s a very innovative offer.”
Stock is more than 180% this year after winning 192% in 2024, more than 400% more than 400% rally expelled by other major US caps and has pushed its market cap within the striking distance of $ 100 million.
Despite the meteoric climb, Robinhouse S & P left out of 500 Last month – Some investors surprised a move, especially as the FinTech rival The block has been added.
Investors have seen closely updates on Robinhood’s expansion in crypts infrastructure and tokenized finance. Only after launching Synthetic stock tokens Openai and SpaceX. Through the Crypta Crypta platform, trade active in Europe, transitioning users through special purpose vehicles, but immediately returned.
Openai publicly disabled users who have token Not openai equity And they were given without approval of the company. The thieves defended the census, calling the IPO to access the previous markets, and the program built to address the regulatory examination.
