Major action in crypto in 2024’s final three months is expected to show up in the results of trading app Robinhood (HOOD).
A surge in user activity leading up to and then following the election of Donald Trump in November has analysts expecting a 440% quarterly jump in HOOD’s cryptocurrency trading revenue to $345.5 million, according to FactSet.
Shares of HOOD have soared 350% over the past year as retail traders have returned to the app in anticipation of a more favorable macro environment for stocks and crypto and are higher by 37% in just the first six weeks of 2025.
Robinhood’s overall revenue in the fourth quarter is estimated to land at $934.9 million, up from $660.5 three months earlier, according to FactSet. Earnings-per-share are expected to be $0.41 versus $0.18 the previous quarter.
Robinhood’s trading data, which is disclosed regularly by the company, is often used by analysts to estimate Coinbase’s (COIN) trading volume, which historically has moved in correlation
We współpracy z: https://www.coindesk.com/markets/2025/02/11/robinhood-s-q4-report-could-help-preview-coinbase-results
