Robinhood Q3 revenue falls short on slowing trading activity
Investing.com -- Robinhood reported Tuesday mixed third-quarter results as revenue fell short of Wall Street estimates amid a decline in users on the trading platform.a loss of $0.09 per diluted share on revenue of $467 million. Analysts were expecting a loss of $0.10 per share on revenue of $480.06M.
The miss on the top line was driven by weakness in equities and cryptocurrency revenue, which declined 13% and 55% respectively in the Q3 from a year earlierLooking ahead, total operating expenses for full-year 2023 is now expected be in the range of $2.399B to $2.439B, up from a prior forecast of $2.330B to $2.410B.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
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