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HomeBusinessRobinhood Posts Strong Q1 Beat with Record Deposits, But Shares Dip 2...

Robinhood Posts Strong Q1 Beat with Record Deposits, But Shares Dip 2 percent

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Robinhood Markets (NASDAQ:HOOD) reported first-quarter results that exceeded Wall Street expectations, but shares slipped 2% intra-day today as investor enthusiasm failed to match the upbeat financials.
The trading platform posted earnings per share of $0.37, just ahead of the $0.36 consensus estimate. Revenue climbed 50% year-over-year to $927 million, surpassing forecasts of $917.2 million, driven by solid growth across trading and new financial services.
CEO Vlad Tenev pointed to strong adoption of new offerings—Robinhood Strategies, Banking, and Cortex—as key contributors to the quarter’s momentum. User engagement surged, with the company logging a record $18 billion in net deposits. Robinhood Gold subscriptions hit an all-time high of 3.2 million, reflecting a 90% year-over-year increase. Trading volume also showed strength across all asset classes.
In a further move to return value to shareholders, Robinhood increased its share repurchase authorization from $1 billion to $1.5 billion, building on the buyback plan first introduced in May 2024.

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