Robinhood Revenue Beats Estimates as User Activity Stabilizes
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Robinhood Markets Inc. posted third-quarter revenue that beat analysts’ estimates as transactions rebounded slightly.
Revenue totaled $361 million, exceeding the $357.8 million average estimate of analysts surveyed by Bloomberg. Net loss was $175 million, or 20 cents a share, the Menlo Park, California-based company said Wednesday in a statement.