Robinhood Markets Inc - Ordinary Shares - Class A

Strong Revenue Growth: Robinhood reported a 50% year-over-year increase in revenue for Q1 2025, totaling $927 million, driven by strong trading volumes across all asset categories, including a record volume for options trading. This growth aligns with their strategy to cater to active traders, as evidenced by a significant uptick in trading activity in April.

Expansion of User Base and Services: The total number of Gold subscribers increased to 3.3 million, with a 12% overall adoption rate. New products like Robinhood Strategies, which already attracted over 40,000 customers and $100 million in assets, and the introduction of futures and prediction markets are enhancing customer engagement and wallet share.

Solid Financial Metrics: Adjusted EBITDA margins expanded by 11 points year-over-year to 51%, showcasing efficient cost management alongside revenue growth. April net deposits were robust at approximately $6.5 billion, indicating strong customer trust and asset retention.