(New York) The American brokerage platform Robinhood fell on Wall Street on Thursday after the publication of disappointing results, showing in particular that it lost active users.
Posted at 6:43 p.m.
The app, which popularized commission-free brokerage and helped rekindle interest in the stock market among small savers, saw its revenue rise 14% in the fourth quarter compared to the same period in 2020, to 363 million dollars, and by 89% over the whole of 2021, to 1.82 billion.
But this strong growth, boosted by the rush of small investors during the pandemic, seems to be slowing down.
The number of monthly active users may have increased by 48% in the fourth quarter compared to the same period in 2020, but they fell by 8% compared to the previous quarter.
Revenue generated per user, for its part, fell by 39% compared to the fourth quarter of 2020, due in particular to a lower volume of transactions on options and equities, and stagnated compared to the third quarter.
And the group forecasts for the first quarter a turnover of less than 340 million dollars, lower than the previous quarter.
The group recorded a net loss of 423 million dollars in the fourth quarter, and 3.69 billion over the year.
The action, which has already fallen dramatically since last summer, fell by more than 10% in electronic trading following the close of trading.