Here is a summary of the financial results and key highlights for Robinhood Markets, (HOOD) for the Q4 and full year of 2024:
Robinhood Markets, (HOOD) Q4 2024 Financial Highlights:
- Revenues: Up 115% year-over-year to $1.01 billion, with notable increases in transaction-based revenues (over 200% increase to $672 million), driven by cryptocurrencies, options, and equities.
- Net Deposits: Record $16 billion.
- Gold Subscribers: Increased by 86% to 2.6 million.
- Net Income: Over 10X increase year-over-year to $916 million, or $1.01 per diluted share, including significant tax benefits and regulatory settlement benefits.
- Adjusted EBITDA: Up over 300% to $613 million.
Full Year 2024 Highlights:
- Total Net Revenues: Increased by 58% to $2.95 billion.
- Net Income: Turned from a net loss of $0.54 billion in 2023 to a net income of $1.41 billion, with diluted EPS at $1.56.
- Adjusted EBITDA: Increased by 167% to $1.43 billion.
Key Product and Expansion Updates:
- Cryptocurrency: Significant growth in volumes, expansion in the U.S. and EU, including Ethereum staking and agreements to acquire Bitstamp.
- Active Trading: Introduction of index options, futures trading, and the Robinhood Legend desktop platform.
- Global Expansion: Plans to enter the Asia-Pacific region with Singapore as the headquarters, and started offering options trading in the UK.
- Robinhood Gold: Membership growth with over 10% adoption rate in Q4, expansion of the Robinhood Gold Credit Card.
- Advisory Services: Agreement to acquire TradePMR to expand into investment advisory.
Operational Data for Q4 2024:
- Funded Customers: Up 8% to 25.2 million.
- Assets Under Custody (AUC): Increased 88% to $193 billion.
- Average Revenue Per User (ARPU): Up 102% to $164.
HOOD 2025 Outlook:
- Robinhood plans investments in new products, features, and international expansion with an expense outlook for Adjusted Operating Expenses and SBC ranging from $2.0 to $2.1 billion.
Nikolas has been involved in the finance industry for over fifteen years spanning across Europe and USA with a depth of knowledge and experience within many aspects of the financial markets. Nikolas gained several years experience with some of the Europe’s leading Brokers, as equity analyst, and trader managing accounts for both Private and Corporate Investors. He enjoys both the fundamental and technical aspects of trading focusing on stock markets and all FX majors. Currently, Nikolas provides analysis and comments to online financial publications. Educational background in Economics (BSc), and Finance (MSc).
