Robinhood Markets, Inc. (HOOD) reported strong financial results for the quarter ended December 2024, surpassing earnings estimates by a significant margin. The company’s revenue grew 115.3% year-over-year to $1.01 billion, exceeding the Zacks Consensus Estimate of $940.65 million.
In terms of key metrics, Robinhood Markets delivered strong performance across various areas. Funded customers rose to $25.20 million, beating the four-analyst average estimate of $24.65 million. Transaction-based revenues surged 236% year-over-year to $672 million, while other revenues increased by 31.4% to $46 million.
The company’s net interest revenues also saw a significant boost, growing 25.4% year-over-year to $296 million. Despite the impressive earnings beat, Robinhood Markets’ stock has returned +27.7% over the past month, outperforming the Zacks S&P 500 composite’s +4.3% gain.
As of now, the company holds a Zacks Rank #1 (Strong Buy) rating, indicating its potential to outperform the broader market in the near term.
Source: https://finance.yahoo.com/news/robinhood-markets-hood-reports-q4-233012206.html