425-821-4945
425-821-4945

Robinhood reports Q1 revenue of $299M, down 43% YoY, vs. $355.8M est., net loss of $392M, MAUs of 15.9M, down from 17.7M YoY; stock drops 8%+ (Jesse Pound/CNBC)

Jesse Pound / CNBC:
Robinhood reports Q1 revenue of $299M, down 43% YoY, vs. $355.8M est., net loss of $392M, MAUs of 15.9M, down from 17.7M YoY; stock drops 8%+  —  Retail brokerage firm Robinhood reported a wider-than-expected loss and shrinking revenue for the first quarter, showing signs that the small-dollar trading boom …