Robinhood's Q4 2024 revenue exceeded expectations, driven by a surge in cryptocurrency trading

On February 13th, according to Bloomberg, Robinhood Markets Inc. announced that its revenue for the fourth quarter of 2024 reached $1.01 billion, far exceeding market expectations of $941 million, mainly driven by the growth of cryptocurrency trading. Among them, cryptocurrency revenue increased by over 700% year-on-year, reaching $358 million, becoming the main growth driver. The company has achieved profitability for five consecutive quarters, with a net profit of $916 million for this quarter, equivalent to earnings per share of $1.01.