Robinhood Sees 100% Q3 Revenue Surge to $1.27B, Q4 Forecast $1.34B
Robinhood reported Q3 revenue of $1.27B, a 100% increase YoY and 6% beat of analysts’ forecasts, with 26.8M funded accounts, up 10.3%. For Q4, revenue is projected to rise 31.7% YoY to $1.34B, with adjusted EPS of $0.68, marking a slowdown from last year.
1. Q3 Earnings Recap
Robinhood reported Q3 revenue of $1.27B, up 100% year-on-year and 6% above consensus, while funded accounts reached 26.8 million, a 10.3% increase from the prior year.
2. Q4 Guidance and Analyst Estimates
Analysts project Q4 revenue of $1.34 billion, a 31.7% year-on-year rise, with adjusted earnings of $0.68 per share, indicating a sharp deceleration from the 115% growth recorded last year.
3. Estimate Accuracy History
Over the past two years, Robinhood has missed revenue estimates only once and has exceeded consensus by an average of 5.4%, with analyst forecasts reconfirmed over the last month.
4. Market and Peer Context
In Q4, Electronic Arts grew revenue 61.8% and Reddit 69.7%, yet both shares fell over 2% post-results; Robinhood stock has declined 28.1% in the past month despite an average analyst target of $147.77.