Robinhood’s Crypto Revenue Soars: You Won’t Believe the Numbers! 💰🚀

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Well, well, well, if it isn’t Robinhood, the little app that could! This quarter, they’ve managed to pull a rabbit out of a hat, surpassing $1 billion in revenue for the first time ever. 🎩✨

In the fourth quarter, they raked in a staggering $1.01 billion. Just a year ago, they were sitting pretty at $682 million. Talk about a glow-up! 💅

Now, let’s talk about cryptocurrency, shall we? Their crypto revenue has skyrocketed by a jaw-dropping 700% year-over-year, landing at a cool $358 million. That’s right, folks, more than they made from crypto trading in the last five quarters combined! Who knew digital coins could be so lucrative? 💸

But wait, there’s more! They also reported options revenue of $222 million and equities revenue of $61 million. It’s like a buffet of profits over there! 🍽️

And if you thought that was impressive, hold onto your hats: Robinhood’s net income has ballooned to a record-shattering $916 million. I mean, at this rate, they might just start handing out gold-plated iPhones! 📱💎

Surging trading volumes

Now, let’s not forget about the trading volumes. They were nearly as big as the combined trading volume of the last three quarters. It’s like everyone suddenly decided to become a day trader! 📈

This surge in activity shouldn’t come as a shock, considering the cryptocurrency market went on a wild ride in Q4. Bitcoin finally broke the $100,000 barrier, and some altcoins were partying like it was 1999! 🎉

HOOD shares surge

And what’s this? Robinhood’s shares are up 15.31% in pre-market trading after a nearly 5% jump on Wednesday. It’s like watching a stock market soap opera! 📺

The company’s market cap is now flirting with the $50 billion mark. At this rate, they might just buy a small country! 🌍💰

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2025-02-13 08:58