Robinhood Markets, Inc. (NASDAQ:HOOD) Q4 2022 Earnings Conference Call February 8, 2023 5:00 PM ET
Company Participants
Chris Koegel - Vice President and Head, Investor Relations
Vlad Tenev - Chief Executive Officer and Co-Founder
Jason Warnick - Chief Financial Officer
Conference Call Participants
Devin Ryan - JMP Securities
Will Nance - Goldman Sachs
Steven Chubak - Wolfe Research
Richard Repetto - Piper Sandler
Kenneth Worthington - JPMorgan
Michael Cyprys - Morgan Stanley
Benjamin Budish - Barclays
Alex Markgraff - KeyBanc Capital Markets
Operator
Good day, and thank you for standing by. Welcome to the Robinhood Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be questions and answers from retail shareholders provided by Say Technologies, followed by a live question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to Chris Koegel, Vice President and Head of Investor Relations. Please go ahead.
Chris Koegel
Thank you, Latif. Welcome, everyone, and thank you for joining us for Robinhood's fourth quarter earnings call. With us today are CEO and Co-Founder, Vlad Tenev; and CFO, Jason Warnick. Before getting started, I want to remind you that today's conference call will contain certain forward-looking statements about our financial outlook and plans. Actual results could differ materially from our expectations, and we have no duty to provide updates unless legally required. Potential risk factors that could cause differences, including regulatory developments that we continue to monitor, are described in our press release issued today, the related slide presentation on our Investor Relations website, our Form 10-Q filed November 2, 2022, and in our other SEC filings.
Today's discussion will also include non-GAAP financial measures. Reconciliations to the GAAP results we consider most comparable can be found in the earnings presentation on our Investor Relations website at investors.robinhood.com.
With that, let me turn it over to Vlad.
Vlad Tenev
Thanks for the intro, Chris, and thanks to everyone for joining. This earnings call marks the end of our first full calendar year as a public company. And I think it's a great opportunity to really evaluate ourselves and reflect on how the year went, what we promised, what we delivered and how we responded to the twists along the way.
Looking back one year, at the Q4 2021 earnings call, we committed to the following things, [expanding] (ph) equities trading hours, which we delivered with hyperextended hours in March; introducing a new day-to-day spending experience, and we delivered Robinhood Cash Card in March also; rolling out our fully paid securities lending product, which we provided with the launch of Stock Lending in May; adding IRAs, which we launched in December with Robinhood Retirement, the first and only IRA with a built-in match, no employer necessary; we committed to providing faster and more money movement options, which we delivered with the launch of debit card funding, instant withdrawals and support for U.S. DC in Robinhood Crypto. And we committed to open up our crypto platform internationally, which we did with the launch of our Noncustodial Robinhood Wallet.