Robinhood beats Q1 estimates despite revenue, crypto trading dip

Robinhood beats Q1 estimates despite revenue, crypto trading dip

Robinhood beats Q1 estimates despite revenue, crypto trading dip

Robinhood managed to beat Wall Street estimates even as its first-quarter crypto revenues fell 30% over the quarter, contributing to an overall revenue drop.

Trading platform Robinhood has still managed to beat Wall Street estimates as its first-quarter revenues fell and its crypto trading volume cooled from a record high in Q4.

Robinhood’s Q1 results shared on April 30 show revenues fell 8.6% from the previous quarter to $927 million, topping Zacks analyst estimates by 3.16%.

The company’s crypto revenue plummeted nearly 30% quarter-on-quarter to $252 million from the firm’s record-setting Q4 2024.  

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