Robinhood (HOOD) Misses Q3 EPS by 1c, Revenue Misses

Robinhood (NASDAQ: HOOD) reported Q3 EPS of $0.17, $0.01 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $637 million versus the consensus estimate of $653.35 million.

Financial Outlook

Our 2024 expense plan includes growth investments in new products, features, and international expansion while also getting more efficient in our existing businesses. Our outlook for GAAP total operating expenses is $1.86 billion to $1.96 billion, including a $10 million regulatory accrual in Q3 2024.

Our outlook for Non-GAAP combined Adjusted Operating Expenses and SBC for full-year 2024 is unchanged at $1.85 billion to $1.95 billion.

For earnings history and earnings-related data on Robinhood (HOOD) click here.

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