Robinhood Q4 2022 net loss falls to $166 million

Monthly Active Users in the final three months of the year decreased by 0.8 million to 11.4 million, as customers continued to navigate the volatile market.

Full year results

Robinhood reported that net revenues for the full year 2022 came in at $1.36 billion. The figure registered a 25% decrease compared to the previous year’s $1.82 billion.

Net loss for last year was $1.03 billion, falling 72% from 2021’s $3.69 billion.

Robinhood co-founders, Vlad Tenev and Baiju Bhatt, announced cancelling  nearly $500 million of their share-based compensation to support the company.

Vlad Tenev, the CEO and Co-Founder of Robinhood Markets, commented:

We’re now starting to see meaningful traction on a number of the products we launched, which gives us confidence they can grow into significant business lines over time. Additionally, co-founder Baiju Bhatt and I announced today that we cancelled nearly $500 million of our share-based compensation to ensure the company has as many resources as possible to deliver value to customers and shareholders.

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