Robinhood's Assets Under Custody, Active Users, and Revenues Fell

  • Scott Peters
  • Aug 3, 2022
  • Robinhood said active users, assets under custody, and revenues declined after financial markets faced the worst first-half in decades and cryptocurrencies plunged.

    Robinhood Markets Inc increased 13% to $10.42 after the online brokerage for stocks, derivatives, and crypto-currencies said it plans to layoff 23% of its staff, after cutting its staff by 9% in April.  

    Second quarter revenues declined 44% to $318 million from $565 million and net loss shrank 44% to $295 million from $502 million a year ago. 

    Diluted loss per share fell to 34 cents from $2.16 a year ago. 

    On a sequential basis, monthly active users declined 1.9 million to 14.0 million and assets under custody plunged 31% to $64.2 billion but average revenues per user increased to $56 from $53.


Annual Returns

Company Ticker 2022 2021 2020
Robinhood Markets Inc. HOOD -41% 0% 0%

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