Robinhood shares fell 3.3% after earnings, signaling investor disappointment despite product launches and Gold subscriber growth. The transcript points to a key concern: banking and credit—management’s major levers for expanding Gold—are still in limited release, leaving their contribution to future growth uncertain.
- Gold subscribers reached 5 million, up more than 30% year over year; Gold adoption was 18% across the customer base and 40% among customers who joined during the quarter.
- Management said banking and credit remain in limited release, while pointing to them as major opportunities to strengthen Gold.
- Customers had more than $250 million in Agentic accounts; management described adoption across usage and trading as accelerating, while noting the offerings are still early.
- Robinhood said the U.S. Treasury opened Trump accounts for nearly 70 million eligible children; 25 million already had $250 invested through the Dell Foundation.
- The company announced 24/7 equity trading for later this year and said it became the first U.S. broker to offer true perpetual futures.
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