Customer assets under custody reached a record high of $152 billion, with options contracts increasing by 47% year-over-year, marking a new company record.

The Robinhood Gold subscription service experienced a surge, reaching a record 2.2 million subscribers, which has contributed to increased customer wallet share.

CEO Vlad Tenev highlighted the positive reception of the new Robinhood Gold card, which has garnered over 10,000 five-star reviews and promising customer retention rates.

To capture a larger share of the active trading market, Robinhood introduced new trading products, including Index Options and Futures.

The company reported a remarkable 36% year-over-year revenue increase, totaling $637 million, while adjusted EBITDA nearly doubled to $268 million.

In a move to enhance earnings per share and free cash flow, Robinhood initiated a $1 billion share repurchase program, repurchasing 5 million shares in Q3.

Robinhood Markets recently held its Q3 2024 earnings call, revealing significant financial growth and strategic advancements.

Year-to-date revenues have surpassed $2 billion, already exceeding last year's total of $1.9 billion, with GAAP diluted EPS reaching $0.55.

In Q3 2024, net deposits exceeded $10 billion for the third consecutive quarter, bringing the year-to-date total to $34 billion, surpassing the previous record of $31 billion set in 2020.

October 2024 saw net deposits exceed $4 billion, alongside significant trading activity across equity, options, and crypto markets, indicating strong momentum heading into Q4.

Tenev outlined three main strategic focuses for the company: winning the active trader market, increasing customer wallet share, and expanding internationally.

As Robinhood prepares for its Investor Day in December 2024, the company is focused on improving its product offerings and expanding its reach.

CFO Jason Warnick emphasized the company's commitment to expense discipline, with adjusted operating expenses and stock-based compensation totaling $476 million in Q3.