Robinhood’s shares fell about 8% in post-market trading following the release of its fourth-quarter earnings, which revealed a significant 38% drop in cryptocurrency revenue compared to the previous year. Despite the decline in crypto trading, the company saw a 27% year-over-year increase in total net revenue, reaching a record $1.28 billion. This reflects Robinhood’s strategic diversification efforts, as it increasingly focuses on stable revenue streams such as interest earnings and subscription services, amid a broader slowdown in the cryptocurrency market. As crypto-related activity wanes, Robinhood is expanding into areas like prediction markets and tokenized assets, seeking to enhance its financial offerings beyond cryptocurrency reliance.
Robinhood shares plunge after crypto revenue drops 38% in Q4
