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Robinhood Posts Stellar Q1 Results, Expands Crypto Footprint with Bitstamp Acquisition
Robinhood Posts Stellar Q1 Results, Expands Crypto Footprint with Bitstamp Acquisition
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Robinhood delivered a blockbuster first quarter, with revenue surging 50% year-over-year to $927 million and net income more than doubling to $336 million. The trading platform’s earnings per share jumped 106% to 37 cents, fueled by record net deposits of $18 billion and a 90% increase in Robinhood Gold subscribers.
The company’s aggressive expansion into crypto continues with the pending acquisition of Bitstamp, a move that will significantly bolster its digital asset offerings. This follows the recent completion of its TradePMR deal and the rollout of AI-powered financial tools, signaling Robinhood’s evolution beyond its meme-stock origins.
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