Robinhood Markets, Inc. (NASDAQ:HOOD) Q2 2022 Earnings Conference Call August 3, 2022 5:00 PM ET

Company Participants

Chris Koegel - Head of Investor Relations

Vlad Tenev - Chief Executive Officer & Co-Founder

Jason Warnick - Chief Financial Officer

Conference Call Participants

Devin Ryan - JMP Securities

Richard Repetto - Piper Sandler

Michael Cyprys - Morgan Stanley

Steven Chubak - Wolfe Research

Will Nance - Goldman Sachs

Josh Beck - KeyBanc Capital

Benjamin Budish - Barclays

Ken Worthington - JPMorgan

Operator

Good day, and thank you for standing by. Welcome to the Robinhood Second Quarter 202 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a 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 your speaker today, Chris Koegel, Head of Investor Relations. Please go ahead.

Chris Koegel

Thank you, Victor. Welcome, everyone, and thank you for joining us for Robinhood's Second Quarter 2022 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 presentation will contain forward-looking statements about our financial outlook and our strategic and operational 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 yesterday, the related slide presentation on our Investor Relations website, our Form 10-Q filed this afternoon 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

Thank you, Chris, for that great introduction, and thanks to everyone for joining. Last week was the one-year anniversary of our IPO and in the 12 months since we've had to navigate two challenges, one is adapting to the public markets, and two of also dealing with an abrupt reversal of the macro environment.

For our customers, many of whom are younger, it looks like they may be facing a recession for the first time in their adult lives if the last two quarters of negative GDP growth or any indication.