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Eddie Hearn explains why he's impressed with the UFC's pay model: “As a business, it’s incredible that they can get their talent to fight for those numbers, given the revenue the show generates. You’re telling me you’re generating $50 million in revenue and the main event fighters are getting...

543,078 görüntüleme • 7 ay önce •via X (Twitter)

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"We have 11 business lines that generate $100 million in annual revenue or more." A direct result of CEO Vlad Tenev’s (Vlad Tenev) strategic push to build Robinhood into a 'Financial Super App' aka a business that can endure & grow across any market cycles But, how'd $HOOD get here? At the time Robinhood went public, the company’s business was concentrated in options, crypto, & equities.. products that benefited directly from the conditions of 2020–2021, with booming markets & low interest rates. But that concentration quickly became a point of concern as interest rates rose & many of the trends that supported Robinhood’s IPO-era growth reversed. As Tenev explains, the shift in macro conditions forced the company to reassess its strategy & operating model.. leading Robinhood to make the tactical decision to broaden its product base & revenue streams. In roughly four years, the company matured past its original concentrated model to now operate 11 business lines generating $100+ million in annual revenue (!!) with several additional products scaling in the $10-$100 million range. The vision? Financial Super App. . . . “The time we went public, Robinhood was pretty much an options, crypto and equities business, and now we have 11 business lines that generate $100 million in annual revenue or more. For a long time we were criticized that we were sort of a business that would do well when markets were going up, interest rates were going down, as was the case in 2020 and a large part of 2021. But what happened when interest rates went up and we had sort of like the reversal of most of the trends that were powering our business and our IPO during Covid, we had to kind of bear down and pivot our business into one that was more all weather. So the Robinhood you see today, much more diversified, where we have 11 business lines that are at scale and a couple more that are also, you know, in that $10M to $100M range.”

Molly O’Shea

228,703 görüntüleme • 8 ay önce