Robinhood's Fourth Quarter 2024 Revenue Beats Expectations, Driven by Surge in Crypto Trading

BlockBeats News, February 13th, according to Bloomberg, Robinhood Markets Inc. announced that its fourth-quarter revenue for 2024 reached $10.1 billion, far exceeding the market's expected $9.41 billion, mainly driven by the growth in crypto trading. Among them, cryptocurrency revenue surged over 700% year-on-year to reach $3.58 billion, becoming the main growth driver. The company has been profitable for five consecutive quarters, with net profit reaching $9.16 billion this quarter, equivalent to earnings per share of $1.01.