Robinhood Stock Drops After Q3 Revenue Miss: Details

Robinhood Markets Inc (NASDAQ:HOOD) reported its third-quarter results after Wednesday's closing bell. Here's a look at the key figures from the report.

The Details: Robinhood Markets reported quarterly earnings of 17 cents per share, which met the analyst consensus estimate. Quarterly revenue came in at $637 million, which missed the analyst consensus estimate of $650.67 million and is a 36.4% increase over sales of $467 million from the same period last year.

Funded Customers increased by 1 million year-over-year to 24.3 million.

Investment Accounts increased by 1.5 million year-over-year to 25.1 million.

Assets Under Custody (AUC) increased 76% year-over-year to $152.2 billion, driven by continued ...