Sunday, June 1, 2025

Latest

Robinhood Falls 6% Following Trading Volume, Active Users Dipping In July

Robinhood Markets, Inc. (Nasdaq: HOOD) announced its operating data for July 2022 last night after the bell. The retail exchange saw its monthly active users decline by 6% month-on-month and 33% year-on-year.

The company also saw declines across its traded products, with crypto recording the biggest drop from its year-ago counterpart.

The decreases continue the trend for the trading exchange after it reported underwhelming Q2 2022 results, toplined by a sequential decline of 11.9% in monthly active users, 31.0% in assets under custody, and 31.3% in average account balance.

Following the release, the firm opened to a 6% decline in its share price after the bell.

Meanwhile, the crypto platform saw its funded accounts plateau at 22.9 million from a month ago, albeit its a 2% increase from last year. While assets under custody grew by 16% from June, this is still a 21% decline from the year ago period.

Robinhood last traded at US$9.52 on the Nasdaq.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

Robinhood Sees Monthly Active Users Fall By Nearly A Million In May

On June 12, Robinhood Markets, Inc. (NASDAQ: HOOD) reported surprisingly weak monthly operating data for...

Sunday, June 18, 2023, 09:00:00 AM

Robinhood Posts First Positive Adjusted EBITDA In Five Quarters

After the market closed yesterday, Robinhood Markets, Inc. (NASDAQ: HOOD) announced 3Q 2022 results which...

Thursday, November 3, 2022, 12:14:00 PM

Robinhood Reports Better-Than-Feared 2Q 2022 Results, Announces 23% Headcount Reduction

After the market closed on August 2, Robinhood Markets, Inc. (NASDAQ: HOOD) announced weak 2Q...

Wednesday, August 3, 2022, 03:18:00 PM

Robinhood: Did Their President Trade On Non Public Information?

Today we chat about how Robinhood Markets (NASDAQ: HOOD) President Jim Swartwout, who was potentially...

Friday, October 1, 2021, 01:30:00 PM

Robinhood Stock Falls in First Trading Day After IPO; Still Looks Richly Valued

Robinhood Markets Inc. (NASDAQ: HOOD), the popular online brokerage which pioneered zero commissions for retail...

Friday, July 30, 2021, 02:32:00 PM