Robinhood Slightly Beats Q1 Estimates but Shares Dip After-Hours

Robinhood Slightly Beats Q1 Estimates but Shares Dip After-Hours

Robinhood Markets Inc. (NASDAQ: HOOD) delivered first-quarter earnings that narrowly surpassed analyst expectations, yet the results failed to excite investors, sending shares down 1% in after-hours trading on Wednesday.

The trading platform reported earnings per share (EPS) of $0.37, just above the projected $0.36. Revenue surged 50% year-over-year to $927 million, beating analyst forecasts of $917.2 million.

CEO Vlad Tenev credited the performance to product expansion efforts, highlighting Robinhood Strategies, Banking, and Cortex as key growth drivers. “Customers have clearly responded — demonstrated by record-breaking net deposits, Robinhood Gold subscriptions, and options volume, as well as robust year-over-year growth in trading across all asset classes,” he stated.

Robinhood's Net Deposits reached an all-time high of $18 billion, underscoring strong customer engagement. Robinhood Gold subscriptions also set a new record, growing 90% year-over-year to 3.2 million.

Despite the strong numbers, the muted stock reaction suggests investor caution around future growth expectations.