Robinhood focuses on new products, sheds little light on guidance: earnings call

Robinhood Markets (NASDAQ:HOOD) CEO Vlad Tenev and Chief Financial Officer Jason Warnick emphasized new products the fintech app is planning to roll out, including retirement accounts and a cryptocurrency wallet during their Q3 earnings call. They expanded little on the company's guidance for Q4 revenue dropping from Q2 and Q3 levels, with Tenev repeating that "the cryptocurrency market is extremely volatile, and we anticipate these conditions are likely to persist." Robinhood expects new funded accounts in Q4 will be roughly in line with the 660K opened in Q3, Warnick said. Regulatory matters may be a sticking point in adding new crypto coins to Robinhood's platform, something customers have been asking for. "The regulatory environment in terms of new coins and lending products in crypto is uncertain and evolving," Tenev said. "And we're having to carefully evaluate whether we can add new coins in a way that's safe for customers and in line