Robinhood has as soon as once more exceeded market expectations, reporting a pointy rise in income for the fourth quarter.
The corporate introduced in $1.01 billion, surpassing analyst projections of $940.8 million, with a serious increase coming from an explosion in crypto buying and selling exercise. Income from digital belongings skyrocketed by 700%, hitting $358 million within the quarter.
A Bloomberg report highlighted that Robinhood’s complete crypto buying and selling quantity surged to $70 billion, reflecting a large 400% enhance from the earlier quarter. This rebound got here after a sluggish begin to the 12 months, the place buying and selling volumes had dipped considerably. The renewed momentum was fueled by Bitcoin’s climb previous $100,000 following the November elections, driving heightened market exercise and investor curiosity.
To capitalize on this progress, Robinhood expanded its crypto choices, introducing seven new digital belongings for U.S. customers and launching Ethereum staking companies within the European Union. The agency additionally made strides in world growth, coming into the Spanish market in compliance with the EU’s MiCA laws. Spanish customers now have entry to crypto buying and selling, staking, and trending belongings, together with the TRUMP meme coin.
For the fifth consecutive quarter, Robinhood remained worthwhile, reporting $916 million in internet revenue, a big bounce from the earlier 12 months. The corporate’s diluted earnings per share rose to $1.01, reflecting its sturdy monetary efficiency.
Whole belongings beneath custody (AUC) reached $193 billion, up 88% year-over-year, pushed by larger valuations in equities and crypto, in addition to regular internet deposits from customers. Fairness buying and selling quantity additionally noticed a considerable increase, hitting $423 billion for the quarter—154% larger than the earlier 12 months.
Robinhood’s transaction-based income climbed 200% to $672 million, with crypto buying and selling alone accounting for $358 million. These outcomes solidified Robinhood’s place as one of many top-performing retail buying and selling platforms out there.
