在线券商Robinhood上周三公布了亮眼的第二季度财务业绩，远超分析师预期。该公司当季营收环比增长7%，达到9.89亿美元，超过FactSet一致预期的近9.15亿美元。每股收益为42美分，高于分析师一致预期的31美分。瑞穗证券（Mizuho Securities）高级分析师丹·多列夫（Dan Dolev）在Robinhood公布季度业绩后的一份简短报告中表示，这家金融科技公司“强势碾压”了收益预期。
这家在线券商允许用户交易股票以及比特币和以太坊等数字资产，尽管加密货币交易收入较上一季度下滑36%至1.6亿美元，但仍取得了亮眼业绩。
过去，Robinhood的季度业绩一直与散户投资者在市场中的活跃程度密切相关。例如，在2021年初的加密货币热潮期间，加密货币交易收入占公司总收入的41%。但在最近所谓的“加密货币寒冬”期间，这一比例在2023年第三季度降至仅5%。
在经历股票和加密货币交易周期的起伏波动之际，该公司开始拓展业务，不再单纯依赖散户投资者的情绪波动。它积极扩大订阅业务，推出自有信用卡，允许用户进行保证金交易（即借入资金以买卖更多股票）；同时进军银行业，并全力在欧洲和英国拓展业务。
“2021年我们上市时，我深感彼时公司比现在脆弱得多。”Robinhood首席执行官弗拉德·特涅夫在上周三的财报电话会议上表示。
尽管在第二季度，公司收入的主要来源依旧是交易产生的现金，但其中近30%的收入来自其业务中能产生利息的板块，这涵盖从进行保证金交易的用户处收取的费用，以及用户现金余额产生的利息。
此外，第二季度近10%的收入来自Robinhood Gold，这是该公司的订阅业务，用户需支付月费以获得应用内现金储备收益等福利。
“如果你看看我们短期、中期和长期预期交付的内容，会发现内容相当充实，”特涅夫表示。“因此，这可能是你所见过的Robinhood业务多元化程度最低的一个阶段。”（*）
译者：中慧言-王芳
在线券商Robinhood上周三公布了亮眼的第二季度财务业绩，远超分析师预期。该公司当季营收环比增长7%，达到9.89亿美元，超过FactSet一致预期的近9.15亿美元。每股收益为42美分，高于分析师一致预期的31美分。瑞穗证券（Mizuho Securities）高级分析师丹·多列夫（Dan Dolev）在Robinhood公布季度业绩后的一份简短报告中表示，这家金融科技公司“强势碾压”了收益预期。
这家在线券商允许用户交易股票以及比特币和以太坊等数字资产，尽管加密货币交易收入较上一季度下滑36%至1.6亿美元，但仍取得了亮眼业绩。
过去，Robinhood的季度业绩一直与散户投资者在市场中的活跃程度密切相关。例如，在2021年初的加密货币热潮期间，加密货币交易收入占公司总收入的41%。但在最近所谓的“加密货币寒冬”期间，这一比例在2023年第三季度降至仅5%。
在经历股票和加密货币交易周期的起伏波动之际，该公司开始拓展业务，不再单纯依赖散户投资者的情绪波动。它积极扩大订阅业务，推出自有信用卡，允许用户进行保证金交易（即借入资金以买卖更多股票）；同时进军银行业，并全力在欧洲和英国拓展业务。
“2021年我们上市时，我深感彼时公司比现在脆弱得多。”Robinhood首席执行官弗拉德·特涅夫在上周三的财报电话会议上表示。
尽管在第二季度，公司收入的主要来源依旧是交易产生的现金，但其中近30%的收入来自其业务中能产生利息的板块，这涵盖从进行保证金交易的用户处收取的费用，以及用户现金余额产生的利息。
此外，第二季度近10%的收入来自Robinhood Gold，这是该公司的订阅业务，用户需支付月费以获得应用内现金储备收益等福利。
“如果你看看我们短期、中期和长期预期交付的内容，会发现内容相当充实，”特涅夫表示。“因此，这可能是你所见过的Robinhood业务多元化程度最低的一个阶段。”（*）
译者：中慧言-王芳
The online brokerage Robinhood soared past analysts’ expectations Wednesday when it posted strong financials for the second quarter. It reported a 7% quarter-over-quarter increase in revenue to $989 million, beating the FactSet consensus of almost $915 million. And it reported earnings per share of 42 cents, a beat of analysts’ consensus of 31 cents. The fintech “hulk smashe[d]” its earnings, Dan Dolev, a senior analyst at Mizuho Securities, said in a short note after Robinhood posted its quarterly results.
The online brokerage, which lets users trade stocks as well as digital assets like Bitcoin and Ethereum, posted gaudy results despite a decline in crypto transaction revenue, which dipped 36% from the previous quarter to $160 million.
In the past, Robinhood’s quarterly fortunes have been closely tied to booms and busts in retail traders’ activity in markets. During the crypto craze of early 2021, for instance, its revenue from crypto transactions made up 41% of the company’s topline. But, amid the most recent so-called Crypto Winter, that percentage dipped to as low as 5% in the third quarter of 2023.
As Robinhood rode the ups and downs of the stock and crypto trading cycle, the company began to build out its business to not rely merely on the whims of retail traders. It expanded its subscription business, launched its own credit card, and let users trade on margin, or take out loans to buy and sell more stock. It also pushed into banking while working expand its business in Europe and the U.K.
“In 2021, when we went public, it felt to me like we were much more fragile than today,” Robinhood CEO Vlad Tenev said during Wednesday’s earnings call.
While cash generated from transactions still comprised the majority of the company’s revenue in the second quarter, almost 30% of its topline came from portions of its business that generate interest. These include the money it takes from users who margin trade as well as interest on users’ cash balances.
And almost 10% of its revenue in the second quarter came from Robinhood Gold, its subscription business in which users pay a monthly fee and receive benefits like yield on their cash reserves on the app.
“If you look at things that we expect to deliver in the short term, medium term and long term, it’s pretty packed,” said Tenev. “So this is probably the least diversified you should ever see Robinhood.”