What Robinhood Said Tuesday About The Gold Card

Today, Robinhood reported its quarterly financial results. The company mentioned the Robinhood Card. Here are some of the details from today's report:

• Robinhood Gold Subscribers grew 36% year-over-year to a record 4.3 million.
• During the quarter, Robinhood introduced trust and custodial accounts as part of a new family investing experience, and unveiled the next evolution of its credit card, the Robinhood Platinum Card, which has seen strong early demand. In addition, the Robinhood Gold Card has now crossed 800,000 Funded Customers.
• We define a Robinhood Gold Subscriber as a unique person who has at least one account with a Robinhood entity and who, as of the end of the relevant period (a) is subscribed to Robinhood Gold and (b) has made at least one Robinhood Gold subscription fee payment.
• We define the Robinhood Gold adoption rate as end of period Robinhood Gold Subscribers divided by end of period Funded Customers.