Robinhood's revenue in Q4 last year increased 115% year-on-year to $1.01 billion, and cryptocurrency revenue increased 700%

Odaily Planet Daily News According to FactSet data, Robinhood said its fourth-quarter revenue increased 115% from the previous year to $1.01 billion, exceeding Wall Street analysts' expectations of $945.8 million. The company said in a statement that its transaction-based revenue increased 200% from the previous year, mainly due to a 700% increase in cryptocurrency revenue. Robinhood also reported earnings per share of $1.01, higher than the average expectation of $0.42. Analysis pointed out that this may be a good sign for cryptocurrency exchange Coinbase, which will report its earnings after the close of Thursday. The two platforms have similar customer bases and most of their revenue comes from transaction fees. Wall Street analysts expect Coinbase stock to record the best trading volume quarter since the fourth quarter of 2024 as cryptocurrency prices hit an all-time high in November last year due to the election of Trump, who is friendly to cryptocurrency. FactSet estimates show that Coinbase will have $1.8 billion in revenue in Q4 last year, up from $1.26 billion in Q3, and trading volume will reach $195.9 billion, up from $185.3 billion. (CoinDesk)