"Robinhood's Surging Crypto Revenue Boosts Stock and Earnings"
TL;DR
Robinhood's fourth-quarter crypto revenue rose 10% to $43 million as more users traded crypto, potentially indicating positive results for Coinbase, which is reporting earnings this week. The company's overall fourth-quarter revenue of $471 million beat estimates, with earnings per share at $0.03, leading to a 15% rise in its stock. Robinhood also aims to expand internationally and expects to gain more crypto trading market share in 2024.
- Robinhood's Higher Crypto Revenue Could be Positive for Coinbase Earnings CoinDesk
- Robinhood stock jumps on surprise Q4 profit Yahoo Finance
- Robinhood Shares Rise as Fourth-Quarter Revenue Beats Estimates Bloomberg
- Robinhood Stock Soars After It Posts Surprise Profit Barron's
- Robinhood stock soars more than 10% as company’s revenue gets boost from crypto MarketWatch
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