CoinDesk·3 min read·medium
Robinhood slides 4% despite earnings beat as crypto revenue cools
H
Helene Braun
✦AI Summary
Robinhood reported record quarterly revenue of $1.31 billion, beating analyst expectations despite a 38% decline in crypto trading revenue. The company is pivoting toward new product offerings, including a blockchain network for tokenized stocks and AI-driven automated trading tools.
The online brokerage reported adjusted earnings per share of $0.62, well ahead of analysts' $0.43 estimate, while revenue climbed 32% from a year earlier to a record $1.31 billion, narrowly topping the $1.29 billion consensus forecast.
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