Earnings/results

• Robinhood reported a loss per share of USD 0.57 for Q1 2023, higher than the loss per share of USD 0.45 recorded in Q1 2022. The company reported a 47.5% YoY growth in total revenue to USD 441.0 million for Q1 2023, from USD 299.0 million recorded a year ago. For Q1 2023, net interest revenue accounted for 47.2% of Robinhood’s total revenue and was up 3.8x YoY, attributable to the growth in total revenue despite the drop in transaction-based revenue (down 5.1% YoY). Robinhood’s platform reported a 25.8% QoQ growth in assets under custody to USD 78.0 billion from USD 62.0 billion in Q4 2022 due to optimistic market valuations on growth stocks and crypto assets along with growing net deposits. (May 10, 2023; Company press release )

Geographic expansion

• Moomoo , an online trading platform managed by Futu Holdings , announced launching its trading platform in Malaysia. The platform will be launched with a broad range of offerings including self-help educational resources, free-for-all market data and access to its global community. (May 16, 2023; Company press release )