The trading app saw its first quarterly profit in a year slip to $346 million, or 38 cents per share, just shy of analysts’ forecast. Revenue hit $1. 07 billion, down from the expected $1. 14 billion, thanks mainly to gains in stocks and options while crypto fees fell sharply. Crypto trading revenu
Robinhood’s earnings show a sharp fall in crypto trading income, but other parts of the business are growing. Crypto revenue dropped 47% to $134 million from last year’s $252 million. The company said customers are moving away from crypto to other trading options. Transaction‑based revenue cl
In the latest earnings release, Robinhood’s stock fell about eight percent in early trading after the company revealed a 38‑percent drop in crypto revenue, pulling the overall quarterly numbers down. The firm posted a record $1. 28 billion in total revenue, up 27 percent year over year, but the c
