Robinhood's Q1 earnings beat estimates with revenue growth and 24-hour trading launch.

Robinhood beats revenue estimates for Q1 2022, reporting $441 million in revenue, as the US Federal Reserve's rapid rate hikes boosted the online brokerage's interest income. The company also announced plans to launch 24-hour trading for five days a week. However, Robinhood's mainstay retail trading arm saw customer engagement dwindle over the past year amid market volatility, resulting in a decline in monthly active users to 11.8 million from 15.9 million a year earlier.