Robinhood’s Q4 cryptocurrency revenue increased 10% year-on-year to $43 million last year
On February 14th, Robinhood's cryptocurrency trading revenue in the fourth quarter of 2023 increased by 10% year-on-year to reach $43 million due to an increase in cryptocurrency trading users. FactSet data shows that the overall revenue of the trading platform in the fourth quarter was $471 million, exceeding analysts' average expectations of $454.7 million. At the same time, earnings per share were $0.03, exceeding the expected loss per share of $0.01.
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