Robinhood Tops Wall Street’s Q1 Earnings Estimates: Crypto Revenue Surged 100% YoY
Robinhood Markets Inc. (NASDAQ: HOOD) outperformed analyst expectations with a robust first-quarter earnings report, posting $927 million in revenue—a 50% year-over-year increase. The trading platform’s crypto revenue doubled annually, driven by strategic listings of memecoins to attract retail traders.
Transaction-based revenue jumped 77% YoY to $583 million, reflecting heightened retail activity. The company expanded its stock buyback program by $500 million, signaling confidence in sustained growth amid volatile markets.