'As good as gold': Robinhood shares jump as Q1 top and bottom lines top estimates
) shares jumped more than 6% following the market close on Wednesday after the company’s Q1 earnings and revenue topped analyst expectations.
Average Revenue Per User grew 35% year-over-year to $104. Adjusted EBITDA rose 115% year-over-year to $247 million, Robinhood said. “We continued to aggressively execute on our product roadmap in Q1, leading to all-time highs for Net Deposits and Gold Subscribers," said Vlad Tenev, CEO and co-founder of Robinhood.
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