$HOOD · The Compound · 2026-10-27
HOOD 的多条收入线令人印象深刻，但加密收入一年内下降约 50%，而加密仍是其根基，这一点说话者不喜欢。他持乐观态度，因为客户黏性强、不太可能转向 Schwab，但图表看起来非常糟糕，他不想买入。
逐段跳播
Robin Hood 在盘后发布了财报。股价现在涨了 5%，但就我接下来要说的事情而言，我并不真的在意这个。我感觉每个季度都是这样：“天哪，他们有七条不同的业务线，每条都能带来 1 亿美元收入。”
现在这个数字是九。上次是 11。现在是 14。我不知道最新增加的是哪些，但这确实非常令人印象深刻。
Robin Hood released its reports after trading hours. The stock is up 5% now, but I don't really care about that for the purposes of what I'm about to say . I feel that every quarter it's like this: "My God, they have seven different lines of business generating $100 million in revenue."
Now the number is nine . Last time it was 11. Now it's 14. I don't know what the latest additions are, but it's really impressive.
嗯，他们有一个非常重要的市场，而且情况非常糟糕。加密货币，我认为加密货币收入下降了 50% 左右。是的，他们一年之内损失了一半收入。是的。所以，那才是最重要的市场。我知道他们在谈 24 小时预测市场。
没人真的参与预测市场。就算参与，也是在押注加密货币价格。加密货币，然后加密货币，然后还是加密货币。别被其他任何说法骗了。他们并没有以任何实质性的方式从事财富管理业务、并从中赚取利润。
股票交易是免费的。是的，订单流付费本质上就是靠几分钱的零头来运营的业务。期权交易规模巨大，但加密货币才是根基。
Well, they have one market that matters a lot, and it's very bad. Cryptocurrencies, I think cryptocurrency revenues have dropped by 50% or something like that . Yes, they lost half of their revenue in one year .
Yes. So, that's the market that matters the most . I know they're talking about 24- hour forecasting markets. No one really participates in prediction markets. If they do, they are betting on cryptocurrency prices.
Cryptocurrencies, then cryptocurrencies, then cryptocurrencies. Don't let any other talk deceive you. They are not in the wealth management business in any substantial way that generates profits for them.
Stock trading is free. Yeah, pay- per-order is literally a business that operates on fractions of a penny. Options trading is huge, but cryptocurrencies are the foundation.
好，我们来看那张神秘的图，然后就结束。把我的图给我。好。公司今天公布了利润。哦。哦，今天？是的。哦，那是 Sherwin-Williams 吗？不是。“Robin Hood”？
价格在那里留下了明显的痕迹。你说什么？“Robin Hood”？给这位先生一支雪茄。谢谢。观众热情高涨。看起来，看起来不太好。看起来非常糟糕，按照 2026 年的逻辑，这当然意味着它即将上涨。
啊，比特币看起来不像今年早些时候这东西真正崩盘时那么糟。1970 年代和 1980 年代的比特币。我是说，没那么糟。我不太清楚是什么在困扰这只股票，但我想对它保持乐观，因为我认为他们有光明的未来。
我只是讨厌加密货币对这个故事来说如此重要。我认为，我认为，我认为“Robin Hood”的业绩状况非常好。那支箭，那支箭看起来真丑。我不想买这个。天哪，客户永远不会离开。是的，我不想买这个。
这，这就是“Robin Hood”乐观的一面，他们哪儿也不会去。他们不会突然搬到“Schwab”。我是说，我不认为那会发生。活跃交易者。也许随着人们变老，他们会和其他券商争夺客户，但我就是觉得有一个 Robin Hood 交易者，而 Robin Hood 交易者就在 Robin Hood 上交易。
我就是这么想的。人们不会转移他们的账户。这一点你基本说得对。我就是这么想的。但我没法喜欢它。
Okay, let 's move on to the mysterious graph and then we'll leave. Give me my graph. Good. The company announced its profits today. Oh. Oh, today? Yes. Oh, is that Sherwin- Williams?
no. " Robin Hood"? The prices have left a visible mark there. What did you say? " Robin Hood"? Give this man a cigar. Thank you. The audience is bursting with enthusiasm. It does n't look, it doesn't look great.
It looks very bad, which of course means it's about to rise, according to the logic of 2026. Ah, Bitcoin doesn't look as bad as it did earlier this year when this thing actually crashed.
Bitcoin in the 1970s and 1980s. I mean, it's not that bad . I don't really know what's bothering this stock, but I want to be optimistic about it because I think they have a bright future.
I just hate how important cryptocurrency is to this story. I think, I think, I think the works of "Robin Hood" are in excellent condition. The arrow, the arrow really looks ugly .
I don't want to buy this . Man, the customers will never leave. Yes, I don't want to buy this. This, this is the optimistic part about "Robin Hood", is that they're not going anywhere.
They won't suddenly move to " Schwab". I mean, I don't think that will happen. The active trader. Perhaps as people get older they will compete with other brokers for clients, but I just think there is a Robin Hood trader and a Robin Hood trader trades on a Robin Hood.
That's just what I think. People don't transfer their accounts. You are mostly right about that. That's what I think. But I cannot like him.