The US neobroker Robinhood released its quarterly earnings report for the third quarter of 2024 after the market closed on Wednesday, showing an increase in both earnings per share (EPS) and revenue. Despite these positive developments, the company fell short of analysts' expectations.

With an EPS of $0.17, Robinhood reported a loss compared to the previous year, when the EPS was still -$0.10. Analysts had predicted an EPS of -$0.154 for the quarter, so the result was slightly better than expected. Nevertheless, the company remains in a loss year, which continues to raise concerns among investors.

The revenue of Robinhood rose to $637 million in the third quarter, compared to $469 million in the same quarter of the previous year. Although this represents a significant increase, the revenue slightly fell short of the $653.4 million expected by analysts. This discrepancy raises questions about the efficiency of revenue growth and the company's cost structure.

The disappointing quarterly figures led to a strong reaction from investors. The Robinhood stock, listed on NASDAQ, fell by 16.57 percent in after-hours trading to $23.54. This price correction reflects investors' uncertainty regarding the future profitability and the company's ability to efficiently utilize increased revenues.

Despite the current challenges, Robinhood remains an important player in the field of digital financial services. The increased demand for its trading platforms and continuous expansion into new markets could have positive long-term effects. However, the company must continue to optimize its business processes to improve profitability and regain investor confidence.