Robinhood's shares increased by 17% in after-hours trading following a remarkable Q4 earnings report that exceeded industry expectations. The company posted a net income of $916 million, marking its fifth consecutive profitable quarter, and crypto revenue soared by 700% year-on-year, reaching $358 million. This crypto revenue accounted for more than half of Robinhood's total transaction-based revenues of $672 million, which saw a 200% increase compared to the previous year. Additionally, crypto trading volumes surged to $71 billion, up 450% year-on-year. Robinhood's CFO, Jason Warnick, highlighted this quarter as record-breaking, with a total yearly revenue of $1 billion and significant increases in net deposits and assets under custody. Trading volumes for crypto saw an approximately fivefold increase from Q4 2023 and Q3 2024. The market overall experienced heightened activity, attributed to various factors, including developments in the political landscape. During the trading session prior to the earnings release, Robinhood's stock rose by nearly 5% to $55.90 before further increasing post-results.

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