🔹 EPS: $1.01 (Est. $0.43) 🟢
🔹 Revenue: $1.01B (Est. $920.41M) 🟢; UP +115% YoY
🔹 Adjusted EBITDA: $613M (Est. $444.23M) 🟢; UP +300% YoY
🔹 Gold Subscribers: 2.6M; UP +86% YoY
Q4 Segment:
🔹 Transaction-Based Revenue: $672M (Est. $535.82M) 🟢; UP +200% YoY
🔸 Crypto Trading: $358M (Est. $320.25M) 🟢; UP +700% YoY
🔸 Options Trading: $222M (Est. $213.25M) 🟢; UP +83% YoY
🔸 Equities Trading: $61M (Est. $55.15M) 🟢; UP +144% YoY
🔹 Net Interest Revenue: $296M (Est. $283.32M) 🟢; UP +25% YoY
Other Key Metrics:
🔹 Other Revenue: $46M; UP +31% YoY
Key Metrics:
🔹 Net Deposits: $16.1B; Record high, UP +42% annualized growth rate
🔹 Average Revenue Per User (ARPU): $164; UP +102% YoY
🔹 Funded Accounts: 25.2M; UP +8% YoY
🔹 Crypto Notional Trading Volume: $71B; UP +400% YoY
Strategic & Shareholder Updates:
Product Expansion:
🔸 Launched Robinhood Legend, a desktop platform for active traders
🔸 Rolled out index options and futures trading
Expanded crypto staking to the EU and added new crypto assets in the U.S.
Acquisitions:
🔸 Announced the acquisition of Bitstamp (crypto exchange) and TradePMR (RIA platform)
🔸 Both deals expected to close in H1 2025
🔸 Share Buybacks: $160M repurchased; 5.3M shares at $29.79/share
Management Commentary:
🔸 Vlad Tenev, CEO:
"2024 was a record-breaking year with new highs across revenue, net deposits, and profitability. We see immense opportunity ahead as we work to make Robinhood the go-to platform for all financial transactions globally."
🔸 Jason Warnick, CFO:
"Q4 capped off a phenomenal year of growth. We’re entering 2025 with strong momentum, focused on delivering another year of profitable growth and expanding our offerings."