Robinhood Reports 34% Drop in Crypto Revenue and Lower-Than-Expected Q1 Earnings
Robinhood reported a 34% decrease in crypto revenue and lower-than-expected first-quarter earnings, leading to a 6% drop in its stock price after hours. The company's first-quarter profit was $346 million, a 3% increase year-over-year, but below analyst expectations. Revenue came in at $1.07 billion, below the expected $1.14 billion.
Tickers: $HOOD
Topics: crypto revenue decline earnings report prediction markets revenue growth stock price movement