Reported 1 day ago
Robinhood exceeded earnings expectations with a reported $0.61 per share and a total net revenue of $1.27 billion, driven by a significant 300% increase in cryptocurrency revenue and a 132% rise in equities revenue. The company also announced the upcoming retirement of its CFO, Jason Warnick, with Shiv Verma set to succeed him. Despite a slight dip in after-hours trading, Robinhood shares have surged nearly 40% since joining the S&P 500 in September, reflecting strong product launches and robust growth in various services, including prediction markets and crypto staking.
Source: YAHOO