Finance

Analysis of Robinhood’s Q3’22 Earnings

11/04/2022
Bitcoin Ethereum News

November 4, 2022, 9:18PM EDT

• 4 min read

Image

Quick Take

  • On November 2, 2022, Robinhood reported Q3’22 earnings 
  • Launched Robinhood Wallet, their self-custody Web 3 wallet to the first 10,000 customers off their May-22 waitlist 
  • Outlined the future of their platform and digital asset strategy on November 2 earnings discussion 
  • Robinhood closed November 4 at $12.28 / share, a (0.41%) decline in 1-day trading and (67%) LTM decline
  • Reported 12.2mm monthly active users (MAU) and 22.9mm net cumulative funded accounts
  • $65bn assets under custody (AUC) as of September 30, 2022 
  • Generated $361mm revenue and $47mm Adj. EBITDA, with Adj. EBITDA margin approaching pre-crisis levels

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here

Source: https://www.theblockresearch.com/analysis-of-robinhoods-q322-earnings-182439?utm_source=rss&utm_medium=rss