Robinhood第一季度盈利打破了加密货币交易反弹的共识

Robinhood Markets (NASDAQ:HOOD) Q1 earnings and revenue soared past the Wall Street consensus estimates, driven by the surge in cryptocurrency trading in the first three months of 2024. HOOD  stock jumped 5.5% in Wednesday after-hours trading.

The stock and crypto trading app company maintained its guidance for FY2024 total operating expenses of $1.85B-$1.95B, compared with the Visible Alpha consensus of $1.94B.

Q1 GAAP EPS of $0.18, exceeding the $0.06 consensus, rose from $0.03 in Q4 2023 and -$0.57 in Q1 2023.

Q1 net revenue of $618M, topping the average analyst estimate of $555M, climbed from $471M in the previous quarter and $441M a year ago.

"We delivered significant revenue growth and margin expansion in Q1 as we remain focused on driving another year of profitable growth in 2024,” said  Chief Financial Officer Jason Warnick. “In Q1, we set records for quarterly revenues, net income, and EPS, even as we stepped up our marketing and growth investments."

Monthly active users rose to 13.7M (vs. 11.3M Visible Alpha consensus) from 10.9M in Q4 and 11.8M in Q1 2023. Average revenue per user of $104, compared with $85.06 Visible Alpha estimate, $81 in the prior quarter and $77 in the year-ago period.

Transaction-based revenue of $329M increased from $200M in the previous quarter and rose 59% from a year ago, primarily on cryptocurrency revenue growth. Cryptocurrency revenue of $126M compared with $43M in Q4 and soared 232% Y/Y; equities revenue of $39M vs. $25M in the prior quarter and rose 44% Y/Y; options revenue of $154M, vs. $121M in the previous quarter, increased 16% Y/Y.

Robinhood's (HOOD) Q1 net interest revenue of $254M increased from $236M in Q4 2023 and $208M in Q1 2023.

Net deposits were $11.2B, a record, vs. $4.6B at the end of Q4 2023.

Operating adjusted EBITDA of $247M climbed from $133M in the previous quarter and $115M a year ago.

Conference call at 5:00 PM ET.

Earlier, Robinhood Markets GAAP EPS of $0.18 beats by $0.12, revenue of $618M beats by $63.04M