Robinhood reported first-quarter earnings of 37 cents per share, beating the analyst estimate of 32 cents, according to data from Benzinga Pro. Revenue rose to $927 million, exceeding expectations and up from $618 million a year ago. CEO Vlad Tenev said the company accelerated product innovation this quarter, highlighting new offerings like Robinhood Strategies, Banking, and Cortex. Tenev said customer response was strong, as shown by record net deposits, increased Robinhood Gold subscriptions, higher options volume, and trading growth across all asset classes. Robinhood stock fell 0.53% after hours to $48.85 on Wednesday.
