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Robinhood’s Revenue Up 10% in Q2, but Active Users Drop by 1M

After generating a massive net loss of $511 million during the first quarter of the year, Robinhood has returned a net income of $25 million, according to its second-quarter results released today (Wednesday). The American commission-free online trading provider also saw its revenue jump 10% to $486 million during the recent quarter.Five Consecutive Quarters of Revenue GrowthDuring the last quarter, which ended on June 30, the Nasdaq-listed broker’s earnings per share (EPS) also rose to $0.03, c... Read More

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Posted: Aug 2 2023, 22:43

Author Name: financemagnates

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