Robinhood: New Record in Customer Numbers! 12% are Already 'Robinhood Gold' Subscribers!

Vlad Tenev, CEO of Robinhood, had every reason to be pleased during the quarterly earnings announcement: Revenue increased by 50% compared to the previous year, reaching $927 million. Estimates had predicted only $922 million. The net profit also exceeded expectations by far: It doubled to $336 million. Robinhood has introduced several new products to further diversify its platform and become even more attractive with new financial services. One of them is an actively managed robo-advisor. This service offers customized portfolios consisting of...