Robinhood Rides Crypto Rebound to Beat Q1 Estimates
Robinhood Markets reported $927 million in revenue for Q1 2025, exceeding Wall Street expectations, driven substantially by its crypto business, which generated $252 million in revenue. This figure reflects a 100% increase from the same quarter last year, largely attributed to the acquisition of Bitstamp, a digital assets exchange. The company's earnings also saw a significant 114% rise year-over-year to $336 million. Beyond crypto, revenue from options and equity transactions rose significantly, contributing to the overall revenue surge amid ongoing geopolitical tensions affecting market stability. In response to these pressures, many investors have turned to crypto as a hedge against inflation. Robinhood’s strong performance led to a surge in the value of its shares, which are up 197% over the past year. Notably, Robinhood Gold, a premium program offering IRA matches and professional research tools, gained 1.5 million subscribers, reaching a total of 3.2 million customers. These results highlight the retail brokerage's robust adaptation to evolving market conditions, particularly the growing demand for cryptocurrencies.
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