The Robinhood trading platform has still managed to defeat the Wall Street estimates, because the income from the primary quarter fell and the crypto trade volume cooled within the fourth quarter of a record high.
Robinhood's quarters of two, which took part in April 30, decreased by 8.6% upfront to USD 927 million, with the estimates of the Zacks analysts being exceeded by 3.16%.
The company's crypto turnover increased to $ 252 million within the fourth quarter of the corporate within the fourth quarter of 4024 of just about 30%.
The decline could partially be attributed to the tariffs of the Trump administration, which carried out a decline within the crypto market capitalization within the quarter.
The crypto trade volume on Robinhood also decreased by 35% in comparison with the primary quarter of the fourth quarter of 2024, which attributed the corporate to a decline in customer transactions by 10% and a mean decline in the common fictitious volume per trade.
Vladimir Tenev, CEO of Robinhood, said a couple of profit call that the crypto trade volume would proceed to fluctuate, but the corporate focuses more on the recording of as much market share as possible.
Despite the autumn from the last quarter, Robinhood's crypto sales increased by 100% in comparison with the previous 12 months, while the trading volume rose by 28% in the identical period.
Robinhoods quarterly income based on segment since Q1 2023. Source: Robinhood
The company also added 500 million US dollars to its 1.5 billion US dollar Returning Program in an effort to increase the corporate's value and trust in the corporate's financial health. So far, the corporate has bought back shares price 667 million US dollars.
The shares on Robinhood (Hood) rose by 1.51% within the after-hour trade to $ 49.85 on April 30, for the reason that company has announced its Q1 results, as Google Finance data show.
According to Tenev, Robinhood's acquisition of Bitstamp Crypto Exchange of 200 million US dollars continues to be an official approval in mid -2025, which might enable him to serve institutional investors within the United States.
Robinhood also subsided in the primary quarter after the Securities and Exchange Commission had accomplished its investigation of the corporate's crypto business on February 21.
Krypto tokenization stays a very important focus for Robinhood
According to Tenev, Robinhood still investigates the mixing of crypto toking into the corporate's services.
Toking private stocks is a “big unlock” for each individuals and corporations that may solve many problems with secondary market transactions, he said.
“I feel that may open up numerous economic value for the crypto industry within the United States,” said Tenev.
The CEO from Robinhood previously said that crypto tokenization could buy investors to purchase to large private corporations equivalent to Openaai and SpaceX inside minutes.
“That was our primary political goal in Washington in terms of crypto,” said Tenev.
