Investment strategyInvestment strategy Facebook ad: “Falling Asset Prices Could Widen Robinhood's Q1 Losses…”
Ran for 1,131 days, from May 22, 2023 to June 26, 2026, the last day Crush saw it.
Run by Investment strategy on Facebook. Crush is not the advertiser and does not verify its claims. See this ad in Meta's Ad Library(opens in a new tab)
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About this ad
- Meta Ad Library ID
- 3373682396294772
- Platforms
- Facebook, Instagram and Audience Network
- Relaunches
- 0
- Niche
- Finance & Trading
Ad text
Falling Asset Prices Could Widen Robinhood's Q1 Losses, Though Interest Revenue Grows Robinhood Markets Inc. (HOOD), among the largest online brokerages by assets managed, is poised to report a ninth straight quarter of net losses in the first quarter of 2023 as cryptocurrency trading remains weak, even as net interest revenue surges. KEY TAKEAWAYS Robinhood probably lost $484 million, or 62 cents a share, in the first quarter of 2023. Total revenue could rise 43% year-over-year to $428 million, boosted by a 253% increase in net interest revenue. Monthly active users probably plunged by a quarter to 12 million as the equities rally wobbled and cryptocurrency activity remained muted.
