The Memphis Grizzlies have announced a new multi-year partnership for the NBA club with online broker Robinhood Markets, Inc. (NASDAQ:HOOD), as the official investing and jersey patch partner of the Grizzlies. The Robinhood logo will be featured on the upper left chest of all Grizzlies uniforms beginning with the upcoming 2024-25 season.
The move comes as Robinhood has seen an upswing in its financial fortunes in recent months, with Robinhood setting revenue and profit records in its most recent quarter (Q2-2024), driven by rising Interest Income and increased crypto trading. Robinhood shares are up 87% year-to-date in 2024, sitting near a 52 week high.
