Reported about 13 hours ago
Robinhood exceeded fourth-quarter profit expectations with a significant increase in trading volumes following Donald Trump's election victory, resulting in a 14% rise in its stock price. The platform reported a remarkable 236% increase in transaction-based revenue, largely driven by cryptocurrency trading which soared 700%. The company achieved a record revenue of over $1 billion in the quarter, ultimately closing a landmark year with more than $3 billion in total revenue.
Source: YAHOO