Robinhood

The Supreme Court agreed to review Robinhood's bid to block a class-action suit accusing the company of omitting material interim financial information from its 2021 IPO registration statement. The court will decide whether an issuer can be liable under the omissions theory of Section 11(a) of the Securities Act for failing to disclose interim results without a separate finding that any affirmative statement was rendered misleading. The 9th Circuit had revived the investors' case after a San Francisco judge had dismissed it. » Więcej na cnbc.com

Robinhood is evolving from a discount broker into an operator of its own financial market infrastructure and plans to tokenize stocks, bonds and other assets on its Robinhoodchain. With about 29 million customers, the company aims to open token trading to the mass market and simplify settlement, clearing and fractional purchases. Regulatory differences between the US and EU, questions about custody, liquidity and price deviations, and a possible five‑year US exemption process remain key risks. Industry players like DTCC and banks are pursuing parallel initiatives; experts expect shifts in value creation and revenue models but not an immediate displacement of established exchanges. » Więcej na handelsblatt.com

Robinhood grew quarterly revenue by 12% to $1.42 billion, but net income fell 14% to $476 million and diluted earnings per share dropped from $0.61 to $0.51. Revenues from crypto trading plunged 55% to $120 million, and traded crypto volume fell 38%. Options and stock trading as well as net deposits increased significantly, while operating costs rose 16% and provisions for credit losses almost tripled, weighing on profitability. » Więcej na finanzen.net

Robinhood reported Q3 revenue of $1.42 billion, meeting expectations and representing a 12% year-over-year increase. Transaction-based revenue grew 19% to $867 million, led by a >500% jump in event contracts and a 31% rise in options revenue to $399 million, while cryptocurrency revenue fell 55% to $120 million. Net deposits for the quarter were $15.7 billion, and total net deposits over the past year reached $71 billion. » Więcej na cnbc.com

Robinhood reported Q3 revenue up 12% to $1.42 billion, but missed analyst estimates. Net income fell 14% to $476 million and earnings per share were $0.51 (expectation $0.55). The stock fell about 3% in after‑hours trading. Management highlighted strong net inflows in October (over $13 billion) and a new growth pillar called Rothera with annualized revenue of more than $100 million. » Więcej na deraktionaer.de