Retail trading platform, Robinhood Markets (NASDAQ:HOOD) surprised investors with earnings and revenue beat for the third quarter of Fiscal 2022 results. The company registered both sequential and year-over-year growth in most of its financial metrics. What’s more, in Q3, Robinhood increased its revenue while controlling its expenses and met its adjusted EBITDA (earnings before interest tax depreciation and amortization) profit target one quarter ahead of schedule. On the other hand, monthly active users (MAUs) declined by 1.8 million sequentially to 12.2 million in Q3. Nonetheless, Net Cumulative Funded Accounts grew to 22.9 million, and average revenue per user (ARPU) grew to $63 from $56 in Q2.
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