$HOOD (-2.99%) | Robinhood Q3'24 Earnings Highlights:

🔹 EPS: $0.17 (Est. $0.18) 🔴; UP $0.26 YoY

🔹 Revenue: $637M (Est. $653.35M) 🔴; UP +36% YoY

User Metrics:

🔹 ARPU: $105; UP +31% YoY

🔹 Gold Subscribers: 2.2M; UP +65% YoY (860K new subscribers YoY)

🔹 Monthly Active Users (MAU): 11.0M; UP +7% YoY

Financial Outlook:

🔹 2024 GAAP Operating Expenses: $1.86B-$1.96B (Includes $10M regulatory accrual for Q3 2024)

Transaction-Based Revenues:

🔹 Total Transaction Revenue: $319M; UP +72% YoY

🔸 Options Revenue: $202M; UP +63% YoY

🔸 Cryptocurrency Revenue: $61M; UP +165% YoY

🔸 Equities Revenue: $37M; UP +37% YoY

Net Interest Revenue:

🔹 $274M; UP +9% YoY

Other Revenue:

🔹 $44M; UP +42% YoY (Driven by increased Gold subscription revenues)

Operational Metrics:

🔹 Net Income: $150M (vs. net loss of $85M in Q3 2023)

🔹 Total Operating Expenses: $486M; DOWN -10% YoY

🔸 Regulatory Accrual: $10M (vs. $104M in Q3 2023)

🔹 Adjusted Operating Expenses: $397M; UP +12% YoY (Due to increased marketing and growth investments)

🔹 Share-Based Compensation (SBC): $79M; DOWN -5% YoY

🔹 Adjusted EBITDA: $268M; UP +96% YoY

Customer Metrics:

🔹 Funded Customers: 24.3M; UP +1.0M YoY

🔹 Investment Accounts: 25.1M; UP +1.5M YoY

🔹 Assets Under Custody (AUC): $152.2B; UP +76% YoY

🔹 Net Deposits: $10B (Annualized Growth Rate: 29% relative to Q2 2024 AUC)

🔸 12-Month Net Deposits: $39B; Growth Rate of 45% YoY

Capital and Financial Health:

🔹 Cash and Cash Equivalents: $4.6B (vs. $4.9B in Q3 2023)

🔹 Share Repurchases: $97M (5.0M shares at $19.42 average price)

🔹 Ongoing $1B Share Repurchase Program: Expected completion over 2-3 years