Financial services company Robinhood Markets HOOD reported fourth-quarter financial results after the market close Tuesday.
Here are the key highlights.
What Happened: Robinhood reported fourth-quarter revenue of $471 million, which was up 24% year-over-year. The revenue beat a Street consensus estimate of $456.8 million, according to data from Benzinga Pro.
Robinhood reported earnings per share of 3 cents, which beat a Street consensus estimate of a loss of 1 cent per share.
The company said the revenue increase came from increased transaction-based revenues and higher net interest. Net interest revenue was up 41% year-over-year to $236 million. Transaction revenue was up 8% year-over-year to $200 million.
Robinhood said cryptocurrency revenue was $43 million, up 10% year-over-year in the fourth quarter. Crypto revenue was higher than equities revenue of $25 million, up 19% year-over-year. Options revenue of $121 million was down 2% year-over-year.
The company ended the fourth quarter with 23.4 million funded customers, a year-over-year increase of 420,000.
Assets under custody stood at $102.6 billion at the end of the fourth quarter, which was up 65% year-over-year. Net deposits were $4.6 billion, up 21% from the third quarter. The company ended the fourth quarter with 1.42 million gold subscribers, up 25% year-over-year. Monthly active users totaled 10.9 million in the fourth quarter, down 4% year-over-year.
The average revenue per user was $81 in the fourth quarter, up 23% year-over-year.
Robinhoods full fiscal 2023 revenue totaled $1.87 billion for Robinhood, a 37% year-over-year increase. The company posted a loss of 61 cents per share, which was an improvement over a loss of $1.17 per share in the prior year.
"2023 was a strong year as our product velocity continued to accelerate, our trading market share increased, and we started to expand globally," Robinhood CEO Vlad Tenev said.
Related Link: Trading Strategies For Robinhood Stock Before And After Q4 Earnings
What's Next: The company will provide more financial guidance and commentary on its fourth-quarter earnings call.
The company said it expects adjusted operating expenses and SBC to be in a range of $1.85 billion to $1.95 billion for fiscal 2024.Loading… Loading…
The company's growth areas include new products, features and international expansion.
"We're off to an even better start in 2024, as we've already brought in more Funded Customers and Net Deposits through the first half of Q1 than we did in all of Q4 2023," Tenev said.
Chief Financial Officer Jason Warnick highlighted Robinhoods full-year revenue and higher margins in fiscal 2023 and goals for 2024.
"In 2024, we aim to continue delivering profitable growth as we work to maximize earnings per share over time to drive long-term shareholder value, Warnick said.
HOOD Price Action: Robinhood shares are up 116% to $13.22 in after-hours trading Tuesday versus a 52-week trading range of $7.91 to $13.51.
Read Next: Robinhood Q3 Earnings: EPS Beat, Revenue Up 29%, MAUs Fall 16% And More
Marnie’s first serious relationship came when she was 16-years-old.
Warning: This article contains references to strangulation, coercive control and domestic abuse.
She was naturally excited when a former friend became her first boyfriend.
But after a whirlwind few months, everything changed with a slow, determined peeling away of her personality.
“There was isolation, then it was the phone checking,” says Marnie.
As a survivor of abuse, we are not using her real name.
“When I would go out with my friends or do something, I’d get constant phone calls and messages,” she says.
“I wouldn’t be left alone to sort of enjoy my time with my friends. Sometimes he might turn up there, because I just wasn’t trusted to just go and even do something minor like get my nails done.”
Image: The internet is said to be helping to fuel a rise in domestic abuse among teens. Pic: iStock
He eventually stopped her from seeing friends, shouted at her unnecessarily, and accused her of looking at other men when they would go out.
If she ever had any alone time, he would bombard her with calls and texts; she wasn’t allowed to do anything without him knowing where she was.
He monitored her phone constantly.
“Sometimes I didn’t even know someone had messaged me.
“My mum maybe messaged to ask me where I was. He would delete the message and put my phone away, so then I wouldn’t even have a clue my mum had tried to reach me.”
The toll of what Marnie experienced was only realised 10 years later when she sought help for frequent panic attacks.
She struggled to comprehend the damage her abuser had inflicted when she was diagnosed with PTSD.
This is what psychological abuse and coercive control looks like.
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‘His hands were on my throat – he didn’t stop’
Young women and girls in the UK are increasingly falling victim, with incidents of domestic abuse spiralling among under-25s.
Exclusive data shared with Sky News, gathered by domestic abuse charity Refuge, reveals a disturbing rise in incidents between April 2024 and March 2025.
Psychological abuse was the most commonly reported form of harm, affecting 73% of young women and girls.
Of those experiencing this form of manipulation, 49% said their perpetrator had threatened to harm them and a further 35% said their abuser had threatened to kill them.
Among the 62% of 16-25 year olds surveyed who had reported suffering from physical violence, half of them said they had been strangled or suffocated.
Earlier this year, Sky News reported that school children were asking for advice on strangulation, but Kate Lexen, director of services at charity Tender, says children as young as nine are asking about violent pornography and displaying misogynistic behaviour.
Image: Kate Lexen, director of services at charity Tender
“What we’re doing is preventing what those misogynistic behaviours can then escalate onto,” Ms Lexen says.
Tender has been running workshops and lessons on healthy relationships in primary and secondary schools and colleges for over 20 years.
Children as young as nine ‘talking about strangulation’
Speaking to Sky News, Ms Lexen says new topics are being brought up in sessions, which practitioners and teachers are adapting to.
“We’re finding those Year 5 and Year 6 students, so ages 9, 10 and 11, are talking about strangulation, they’re talking about attitudes that they’ve read online and starting to bring in some of those attitudes from some of those misogynistic influencers.
“There are ways that they’re talking about and to their female teachers.
“We’re finding that from talking to teachers as well that they are really struggling to work out how to broach these topics with the students that they are working with and how to make that a really safe space and open space to have those conversations in an age-appropriate way, which can be very challenging.”
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Hidden domestic abuse deaths
Charities like Tender exist to prevent domestic abuse and sexual violence.
Ms Lexen says without tackling misogynistic behaviours “early on with effective prevention education” then the repercussions, as the data for under 25s proves, will be “astronomical”.
At Refuge, it is already evident. Elaha Walizadeh, senior programme manager for children and young people, says the charity has seen a rise in referrals since last year.
Image: Elaha Walizadeh, senior programme manager for children and young people at Refuge
“We have also seen the dynamics of abuse changing,” she adds. “So with psychological abuse being reported, we’ve seen a rise in that and non-fatal strangulation cases, we’ve seen a rise in as well.
“Our frontline workers are telling us that the young people are telling them usually abuse starts from smaller signs. So things like coercive control, where the perpetrators are stopping them from seeing friends and family. It then builds.”
Misogyny to violent behaviour might seem like a leap.
But experts and survivors are testament to the fact that it is happening.
HOUSTON — Astros All-Star closer Josh Hader was placed on the 15-day injured list Tuesday with a strained left shoulder.
The move, retroactive to Monday, comes after the left-hander reported shoulder discomfort before Monday’s game against the Boston Red Sox.
“It’s (a) punch in the gut,” manager Joe Espada said. “But … he’s seeing doctors right now. We’re getting more tests done and hopefully this is not going to be a long-term thing.”
Espada added that the Astros don’t yet know the severity of the injury and should know more after additional testing.
Espada said he would not name a closer to fill in while Hader is out but would use his relievers based on matchups.
“I feel good about all those guys,” Espada said.
Hader, who is in his second season in Houston, is 6-2 with a 2.05 ERA and is tied for third in the majors with 28 saves in 48 appearances this season.
To take his spot on the roster, the AL West-leading Astros reinstated right-hander Shawn Dubin from the 15-day injured list. They also designated right-hander Hector Neris for assignment and recalled left-hander Colton Gordon from Triple-A Sugar Land.
Dan Hajducky is a staff writer for ESPN. He has an MFA in creative writing from Fairfield University and played on the men’s soccer teams at Fordham and Southern Connecticut State universities.
Heritage Auctions and the Atlanta Braves have informed a Georgia court that they have agreed to settle their legal dispute over a memorabilia auction involving items Hank Aaron touched after hitting his 715th career home run April 8, 1974.
According to an order issued Monday by Judge Steven D. Grimberg in the U.S. District Court for the Northern District of Georgia, Heritage Vintage Sports Auctions Inc. and the Atlanta National League Baseball Club LLC notified the court via email of the accord and anticipate moving for dismissal of the case when the settlement is final.
A Heritage spokesperson told ESPN via email Tuesday that the two parties were “working toward a resolution.”
“Currently that resolution it is not yet finalized,” the spokesperson said, “but we expect it to be soon, at which point a joint statement will be made.”
A message to the Braves seeking comment was not immediately returned.
Heritage’s lawsuit, filed in August 2024, came in the wake of a cease-and-desist letter the Braves had sent questioning the provenance and authenticity of the Aaron items — including the three bases and home plate Aaron touched — and how some of the memorabilia was acquired.
The lawsuit originally was filed in the U.S. District Court for the Northern District of Texas just days before Heritage’s scheduled auction. The Texas court transferred the case to the Georgia court in June for jurisdiction reasons.
The Georgia judge ordered both sides to file documents within 60 days and directed the court clerk to administratively close the case for purposes of docket management.