Trading platform Robinhood has still managed to beat Wall Street estimates as its first-quarter revenues fell and its crypto trading volume cooled from a record high in Q4.
Robinhood’s Q1 results data-ct-non-breakable=”null” href=”https://investors.robinhood.com/static-files/751d013e-a623-4ca8-a8ce-32a570ac9539″ rel=”null” target=”null” text=”null” title=”null”>shared on April 30 show revenues fell 8.6% from the previous quarter to $927 million, topping Zacks analyst data-ct-non-breakable=”null” href=”https://www.zacks.com/stock/news/2458100/robinhood-set-to-report-q1-earnings-heres-how-to-play-hood-stock?art_rec=quote-stock_overview-zacks_news-ID01-txt-2458100″ rel=”null” target=”null” text=”null” title=”null”>estimates by 3.16%.
The company’s crypto revenue plummeted nearly 30% quarter-on-quarter to $252 million from the firm’s data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/robinhood-shares-surge-q4-crypto-revenue” rel=”null” target=”null” text=”null” title=”null”>record-setting Q4 2024.
The drop could be partly attributed to the data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/betting-markets-q1-us-gdp-forecast-flips-negative-amid-tariff-turmoil” rel=”null” target=”null” text=”null” title=”null”>Trump administration’s tariffs, which triggered an 18%…
