Robinhood: EPS Soars, Revenue Up 115%
Robinhood Markets reported stellar fourth-quarter earnings, significantly outperforming analyst expectations on both EPS and revenue.
Robinhood Markets (NASDAQ:HOOD), a prominent fintech platform known for commission-free trading, recently announced a remarkable earnings report for the fourth quarter of 2024. On February 12, the company reported earnings per share (EPS) of $1.01, vastly surpassing expectations of $0.42. Its revenue also impressed, reaching $1.01 billion against the forecasted $934 million, representing a substantial year-over-year growth. The overall quarter was characterized by strong revenue and user growth, marking a robust performance by the company.
Source: Analyst estimates for the quarter provided by FactSet.
Robinhood Markets is renowned for its pioneering approach to commission-free trading. Its trading platform appeals to a wide demographic, especially novice investors. Central to its business model is attracting users with no trading fees while monetizing through premium services like Robinhood Gold, which offers advanced trading features and tools.
