Latest views Robinhood ($HOOD) stock are here but company provided a preview into how Q1 is shaping up.
“Gold Subscribers have reached 3.1 million, up over 400 thousand this year and representing 12% adoption relative to our Funded Customer base
Net Deposits in Q1 have already surpassed $10 billion, marking our fifth straight quarter of over $10 billion in Net Deposits”
The 3.1 million subscribers is up from 2.6 million reported last quarter at 10.5%. As for net deposits, last Q1 net deposit totaled 11.2 billion. The CEO also mentioned the Robinhood credit card now numbers >100,000 cardholders but will be “getting to multiples this year.” Sounds a bit lite in deposits but the stickiness factor clearly is there and growing.
Replay is here.