Robinhood slides 4% despite earnings beat as crypto revenue cools
CoinDesk·
60-second summary
Robinhood's stock slides 4% despite beating earnings expectations, as crypto revenue cools down significantly. The brokerage reported $100 million in crypto trading revenue, a 38% decline from last year, offset by robust options, equities, and prediction markets activity. This decline in crypto revenue is a concern for investors, weighing on Robinhood's overall growth prospects.
The brokerage reported $100 million revenue from crypto trading, a 38% decline in a year, offset by stronger options, equities and prediction markets activity.