Robinhood's Q4 revenue increased by 115% year-on-year to $1.01 billion, with cryptocurrency revenue growing by 700%

Odaily Planet Daily News: According to FactSet data, Robinhood stated that its fourth quarter revenue increased by 115% compared to the previous year, reaching $1.01 billion, exceeding Wall Street analysts' expectations of $945.8 million. The company stated in a statement that its transaction based revenue increased by 200% compared to the previous year, mainly due to a 700% growth in cryptocurrency revenue. Robinhood also announced earnings per share of $1.01, higher than the average expectation of $0.42. Analysis suggests that this could be a good sign for cryptocurrency exchange Coinbase, which will announce its earnings after the close on Thursday. These two platforms have similar customer groups, with most of their revenue coming from transaction fees. Wall Street analysts predict that due to Trump's election as president, who is friendly towards cryptocurrencies, cryptocurrency prices hit a historic high in November last year, and Coinbase stock will have its best trading volume since the fourth quarter of 2024. FactSet estimates show that Coinbase's Q4 revenue will reach $1.8 billion last year, higher than Q3's $1.26 billion, and trading volume will reach $195.9 billion, higher than $185.3 billion. （CoinDesk）