"Robinhood's Surging Stock and Revenue Boosted by Crypto Trading"

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Source: Yahoo Finance
"Robinhood's Surging Stock and Revenue Boosted by Crypto Trading"
Photo: Yahoo Finance
TL;DR Summary

Robinhood Markets Inc. saw its shares rise as fourth-quarter net revenue jumped 24% from a year earlier to $471 million, surpassing analysts’ estimates of $457 million. The company's deposit growth is outpacing last year's, with net deposits reaching $4.6 billion for the quarter. Additionally, Robinhood's crypto revenue was $43 million, topping estimates for $37 million, and the company expects total operating expenses to be between $1.85 billion and $1.95 billion for this year.

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