Robinhood 2024 ended a high degree, thanks to its growth of $ 1 billion in the fourth quarter, which exceeded analysts. The company’s revenues in the fourth quarter amounted to $ 1.01 billion, overcoming the estimates of analysts of 940.8 million dollars. Also, the volume of Robinhood encryption increased by 700 % and $ 358 million.
As Bloomberg and other media outlets have reported, popular mediation was moved from interest in the encryption market during the American election tournament. The fourth company’s revenues amounted to $ 1.01 billion, overcoming the estimates of analysts amounting to 940.8 million dollars.
Robinhood has benefited from an increase in encryption trade in the fourth quarter
According to Bloomberg reportRobinhood witnessed an increase in encryption trading in the fourth quarter of 2024. The company’s coding trading volume increased by 700 %, reflecting the total revenues of $ 358 million.
Robinhood’s impressive performance in the fourth quarter has been compensated for her poor performance in the third quarter with $ 14.4 billion of revenue, a huge decrease from $ 36 billion for the first quarter.
The company benefited from increasing trading activity in the last quarter of the year, which is fueled by enthusiasm for the results of the American elections. This was also the time when Bitcoin rose after a sign of $ 100,000.
📢 Robinhood increases by 15 % after the bombing of Q4 profits 🚀📊
Revenue Q4 exceeds $ 1 billion for the first time in the history of the company 💰
🔹 Revenue based on transactions, an increase of 236 % year on year to $ 672 million, and fed by frenzy trading 📈
🔹 Increase of 700 % encryption trading revenues as Bitcoin approaches $ 100,000 … pic.twitter.com/vfhqmjtmz7AFV GLOBAL (AFVGLOBAL) February 13, 2025
Robinhood expands the coded currency shows
Robinhood expanded her Crossed currency offers By adding seven new symbols to its customers in the United States to address the growing market requirements. It also launched its services Eth Staking for the European Union customers.
The Popular Mediation Company also expanded its services in Spain, as it complies with the latest MICA regulations in the European Union. Robinhood is now proud to trade in the cryptocurrency and supports viral digital assets such as Trump.
According to CEO Vlad Teenv, the company focused on developing its products in 2024. In a statement, TENEV has participated that it had found an opportunity and now provides its customers a safe way to trade or retain digital assets.
BTCUSD trading at $96,811 on the daily chart: TradingView.com
A series of profitable circles
Robinhood continues to increase its profit, which extends its line to the fifth quarter of the net positive income. The results of the fourth company overcame the net income last year at $ 0.03 per share. Also, Robenol’s diluted profits of the stock rose to $ 1.01, reflecting the strong financial performance.
General mediation ends with $ 193 billion in total reservation assets (AUC), an increase of 88 % over last year. Robinhood’s growth in total assets has been supported by increasing assessments in Digital assets And stocks, including the growing clear deposits of customers.
Also, the company’s trading value increased to $ 423 billion in a quarter, an increase of 154 % over last year. The amount of income reported makes Robinhood one of the best retail trading platforms for a quarter of a quarter.
Distinctive image from Gemini Imagen, the tradingvief chart
