November 4, 2022, 9:18PM EDT
• 4 min read
Quick Take
- On November 2, 2022, Robinhood reported Q3’22 earnings
- Launched Robinhood Wallet, their self-custody Web 3 wallet to the first 10,000 customers off their May-22 waitlist
- Outlined the future of their platform and digital asset strategy on November 2 earnings discussion
- Robinhood closed November 4 at $12.28 / share, a (0.41%) decline in 1-day trading and (67%) LTM decline
- Reported 12.2mm monthly active users (MAU) and 22.9mm net cumulative funded accounts
- $65bn assets under custody (AUC) as of September 30, 2022
- Generated $361mm revenue and $47mm Adj. EBITDA, with Adj. EBITDA margin approaching pre-crisis levels
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